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The purpose of this paper is to grasp the nature, characteristics and strategies of learning organization so as to construct a learning CCP organization, a learning team and a learning society.

Based on the nature and characteristics of learning organization, this paper proposes ten effective strategies to construct learning organization in China.

This paper proposed ten strategies to construct a learning organization: to construct learning group of leaders; to deliver mission, stimulate aspirations and overcome self-transcendence; to learn comprehensively and change mental models; to promote deep dialogue and expand organizational capacity; to learn at work and work in learning and put learning into practice through solving problems; to eliminate the obstacles of learning and improve the effectiveness; to establish a dynamic model of learning – research – innovation; to make a long-term plan, move forwards step by step and promote sustainable development; to implement evaluation during the whole process of construction; to conduct trial implementation.

As well, there are some effective strategies and methods of constructing a learning organization, such as the enhancement of learning leaders, the establishment of a pilot group, the improvement of the mental models in learning, the promotion of the dialogue to expand the organizational capacity, learning at work and the work in learning, the establishment of “three in one” work model of learning – research – innovation, the promotion of the construction through evaluations and a long-term stage to promote sustainable development.

Learning organization is not only a new form of the organization, but it is also a leadership strategy that advances the healthy and sustainable development of the organization. Moreover, it is a culture of the organization that enhances organizational learning, improves mental models, increases organizational intelligence quotient and emotional quotient, and the ability of creating the future.

This paper aims to study the formation and amplification mechanism of the financial crisis and business cycle and also discuss the related optimal rules for the central bank and government.

This study is developed basically on a simple financial business cycle model by embedding credit constrains into the DSGE model.

The model in this paper puts forward an explanation for the mechanism of cycles' formation. Using this it finds that: the financial lever in modern economy is the offender of the USA financial crisis, which created the cycles and amplified it into the crisis when the financial lever multiple was increased to much greater levels, and that the traditional policy rule is not good enough for a long running growth process.

The findings in this study suggest that to keep the financial lever multiple under a safe level and to reform the policy rule to be good enough for a long run growth process is necessary.

According to the model's principle, the paper claims that: the development of the financial and credit markets during recent years has increased the volatility of the economic cycle – excessive credit abuse has become the root cause of the instability of the economy system; the proportion of the mortgage loan and similar financial products in the economy should be controlled strictly; it is necessary to recheck the traditional standpoint of the monetary policy. Rule policy by the Keynesian model exists as a short‐term problem, thus it is not sufficient to study the questions related to technological shocks.

The model in this paper explains well the mechanism of cycles and crisis' formation. The findings under the modeling economy give a safe level for financial lever multiples for the first time. The financial business cycle model being used in studying the Chinese economy is a pioneering and exploratory experiment.