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参考文献

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论文执行编辑:皮建才
联系邮箱:nbr@ nju. edu. cn
论文接收日期:2017 年 3 月 10 日

Macroeconomic Fluctuation and Macroeconomic Policy
—Analysis with Relative Price

Chunming He Yinxing Hong Dong Liu

Abstract :Because of the bounded rationality of economic man,there generally exists positive relativity between rela tive price of investment goods– consumer goods and aver age social capital profit rate.Therefore,the variation of output structure and relative price not only are the passive reflection of anticipation but also testify and intensify the anticipation,the emergence of such self-fulfillment finally results in the positive feedback mechanism of macroeconom ic operation,which profoundly effects on the characteristics of macroeconomic fluctuation and means it is very difficult to accurately judg the macroeconomic turbulence sources.So the policies should be based on and effect testified by price system fluctuation.

Key words :Macroeconomics Positive Feedback Mecha nism Micro-foundation Fallacy of Composition Macro economic Regulation and Control

JEL Classification :E31 +SbITtTvBEEWJvasF9VuU/hTtqfF0N8NiIJ5D4WdikT57EPmJRzDN7Zv34Tyugch

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