【摘要】 本文研究中国居民通货膨胀预期的异质性。本文提出使用储蓄动机将消费者分为五类动机群体。然后使用中国人民银行统计司的居民储蓄调查数据,计算了各个动机群体的预期通货膨胀率,并研究预期的性质:理性预期、短期调整、因果关系和反馈效应。研究结果显示,各群体的通货膨胀预期存在稳定的异质性。更多还原

【Abstract】 This paper investigates the heterogeneity of inflation expectation of consumers in China. We divide the full sample from the Consumers Saving Survey System that is conducted by the Central Bank of China into five kinds of sample data sets by using the consumers saving motives. We calculate the expected inflation of five groups and study the properties inflation expectations of the five groups. We find that the heterogeneity of five group’s inflation expectation is significant and stationary.更多还原