Zhang, Chengsi; Clovis, Joel - In: Annals of Economics and Finance 10 (2009) 1, pp. 89-110
estimation methods to model China inflation persistence over the most recent quarter of a century. Our empirical results suggest … recent period of low inflation, with the reduction in consumer price inflation being more pronounced. The reduced inflation … persistence helps to explain the remarkable phenomenon of high economic growth under the low inflation environment in China during …