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Is inflation targeting an appropriate framework for monetary policy? Experience from the inflation-targeting countries … countries are optimistic about inflation targeting as a monetary-policy framework. South Africa is also following this trend … shows that inflation targeting is not a universal remedy to modern economic ills -- there is an emerging danger of assigning …
Persistent link: https://www.econbiz.de/10009457851
According to the data of practical GDP time sequences from 1978 to 2009 provided by Henan Statistical Yearbook of every year, Hodrick-Prescott filter model is established, and it is disintegrated into tendency component (potential yield) and fluctuation component (yield gap). The critical...
Persistent link: https://www.econbiz.de/10009442809
empirical research on the relation between urbanization and GDP in China, and also implements a comparative analysis to the …
Persistent link: https://www.econbiz.de/10009442811
electricity generation sector in China was chosen to demonstrate the economic impact of possible emissions control on the …. Data comes from the China Statistical Yearbook and China Electric Power Yearbook, providing the provincial information for …
Persistent link: https://www.econbiz.de/10009444721
This paper investigates the determinants of fiscal decentralisation, focusing in particular on the impact of the level of income on the level of fiscal decentralisation. Various measures of fiscal decentralisation, several of them novel in this context, are employed in a cross-country...
Persistent link: https://www.econbiz.de/10009448196
China has been characterised by extremely high rates of economic growth for the last several decades. This growth … and so have ecological imbalances. The central leadership of China are aware of these problems and recent policy documents … put strong emphasis on ‘harmonious development’ and ‘independent innovation’ (Gu and Lundvall 2006). In China the …
Persistent link: https://www.econbiz.de/10009475864
Incluye bibliografía ; In this paper we provide an overview of the growth model in China and its prospects, taking a … managed capitalism in China tends to engender, as an inherent byproduct, serious imbalances which cannot be unwound without a … in China are likely to remain supportive, at least over the medium run. Although this could help mitigate the economic …
Persistent link: https://www.econbiz.de/10012529582