The Inflation Mechanism and Expectations: Evidence from China

This book reflects China's experience, model and theory of successful inflation control. The idea of Stabilization of Expectations emphasized by the Chinese government was primarily proposed in this book with systematic theoretical support. The theory framework initiated in this book has been about 10 years earlier than that of the European and American economists.

The core theory of this work is Sticky Expectation Theory, which breaks through the framework of neoclassical economic theory, ...