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（点此下载附件全文：肖争艳 唐寿宁 中国通货膨胀预期异质性研究.doc）
Study of Heterogeneity of Inflation Expectations in China
Xiao Zhengyan, Tang Shouning
(School of Statistics, Renmin University) (Institute of Economics, CASS)
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.
Keywords: inflation expectation; heterogeneity; investor’s participation; survey data; uncertainty
JEL Classification: E31; E17; E3 |
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