Examining the role of monetary aggregates in China

The paper examines the relative significance of monetary aggregates and interest rates in China using the information approach to monetary policy. The analysis reveals the superiority and robustness of a narrow monetary aggregate in contributing information about future movements in inflation.

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Year of publication:	2012-09-03
Authors:	Sánchez-Fung, José R.
Institutions:	Siirtymätalouksien tutkimuslaitos, Suomen Pankki
Subject:	monetary policy and inflation \| information approach \| monetary aggregates \| interest rates \| China

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Extent:	application/pdf
Series:	BOFIT Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series BOFIT Discussion Papers Number 18/2012 14 pages
Classification:	E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010568517