Chinese Sticky Information Phillips Curve Research

Analyzing the rates of unemployment and inflation is characteristics of Phillips curve . This theory was always the focus of economic theory's debate. For Chinese economists, unemployment and inflation rate not only can enrich the Chinese theories, but also have important practical significance on resolving the current unemployment problems, inflation and deflation in our country. Domestic scholars hold different views about the Sticky-Information Phillips Curve. They get different conclusions by analyzing the relationship between the rates of unemployment and inflation based on different theories. This paper aims at empirically analyzing the practical statistical data of China and researching the relationship between the rates of unemployment and inflation by using Sticky-Information Phillips Curve Model,and providing some relevant policies and suggestions.The paper is divided into five parts. Firstly, the preface puts forward the question, and states basic research method and the innovations.The second part mainly introduces the Sticky-Information Phillips Curve Model, including the definition and early development of the Phillips Curve, New Keynesian Price Sticky Phillips Curve, the definition of Sticky Information, and the fundamental model and theoretical significance of Sticky-Information Phillips Curve.The third part is the analysis of domestic economic development and inference of Phillips Curve of China. First, it analyzes the basic data of domestic economic development, and infers the Phillips Curve of China by using Sticky-Information model. Then, it calculates the configuration parameter by GMM. It implements D-F test and Phillips-Perron test on the quarter data selected from 1992 to 2008. Inflation is calculated by the CPI index, and forms a new Phillips Curve.The fourth part gives conclusion about the relationship between Chinese output balance and inflation on the basis of Phillips Curve of China inferred by Sticky Information Modle, and analyzes the influence of Sticky Information on Chinese Phillips Curve, including the costs and the cycle of our companies in the term of information renewal and the influence on our economy.The fifth part analyzes our recent economic policys about inflation and unemployment by using practical research results. First, it analyzes our economic policy and its shifts. Two preventations and one deflation should be our recent focuses in economic policy. Then, the paper proposes our economic strategies in this stage based on Sticky Information Modle.Since 1992 our country's series of macro-control measures of macroeconomic reformed. In 2008 the economic policy changes into the two "anti-""one bear".At last, based on the Sticky Information put forwarda viscous model of our country's current economic policy reconmmendations.