Research On The Price Stickiness Measurement And Price Setting Of The China's Consumer Price

When the manufacturer adjusts the price of the product,there is stickiness,and the impact of prices on the overall welfare of society is extremely important.The study of price stickiness is the basis for understanding a series of macroeconomic problems,and it is also the theoretical basis for formulating policies in response to economic shocks.Different interpretation theories can be formed by studying price stickiness from different perspectives.So far,there are four typical theories in academic circles,namely Mantissa pricing,Menu cost,Fair pricing and Sticky information theory.In this paper,the first three theoretical implications are briefly described and the theoretical model of viscous information is described in detail.Since the manufacturer should consider the cost when collecting and processing the information needed,the information transfer of the manufacturer will be slow,and the sticky of the information will further affect the price fluctuation of consumer goods.In order to investigate the price stickiness of goods in China,this paper using the theoretical model of stickiness information to internalize the information stickiness,and using 126 kinds of goods monthly monitoring data released by the China's development and reform commission(NDRC),To calculate the price adjustment frequency and cycle of various categories of consumer goods,measure the price stickiness of commodities with the price adjustment frequency as the index,analyze whether there are differences in the price stickiness of various commodities,and explain the reasons for this phenomenon.The measurement results show that in our country the classification of commodity prices,service commodity price stickiness was significantly higher than that of food and industrial consumer goods price stickiness.Further research on the pricing model shows that the overall performance of China's commodity pricing model is state-dependent.The overall structure of this paper is as follows:The first part is the introduction,which raises questions according to the realistic macro-economic conditions,elaborates the research purpose and significance,methods and structural innovation;The second part is the theoretical basis and research review of various sticky price theories.According to different perspectives,the theory of stickiness is divided into two levels,and three representative theories,namely,Mantissa pricing,Menu cost,Fair pricing,are briefly elaborated.On this basis,the Sticky information theoretical model is introduced to internalize the stickiness of information.In the third part,Measure the stickiness of the price of consumer goods in China by using the monthly monitoring data of 126 commodities issued by the national development and reform commission of China.According to the measurement results,the paper explains the reasons for the price stickiness of commodities,calculates the adjustment frequency and cycle of prices of various categories of consumer goods,analyzes whether there are differences in the price stickiness of various commodities,and explains the reasons for this phenomenon.The fourth part studies the pricing model of Chinese market and finds that the overall pricing model of Chinese consumer goods is state-dependent.Finally,the paper puts forward conclusions and policy Suggestions.