Title :
Notice of Retraction
Research about dynamic inflation object impacting on our country´s economy
Author_Institution :
Dept. of Bus. Adm., ZhengZhou Inst. of Aeronaut. Ind. Manage., ZhengZhou, China
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
This paper constructs a dynamic stochastic general equilibrium model to analyze the behavior of the unobserved inflation target implicitly included in China´s monetary policy in a New Keynesian framework. The empirical evidence suggests that the model is suitable for research on monetary policy and monetary business cycle. The results also support the assumption that China´s monetary policy has a dynamic endogenous inflation target which could stabilize inflation. Furthermore, the target responds positively to the productivity shock and negatively to the consumer´s demand shock.
Keywords :
economics; inflation (monetary); China; Keynesian framework; dynamic endogenous inflation target; dynamic inflation object; dynamic stochastic general equilibrium model; economy; monetary business cycle; monetary policy; unobserved inflation target; Analytical models; Data models; Economics; Electric shock; Equations; Fluctuations; Mathematical model; DSGE; Dynamic inflation target; Money supply rule;
Conference_Titel :
Artificial Intelligence, Management Science and Electronic Commerce (AIMSEC), 2011 2nd International Conference on
Conference_Location :
Dengleng
Print_ISBN :
978-1-4577-0535-9
DOI :
10.1109/AIMSEC.2011.6010132
