کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
10479045 | 931482 | 2005 | 19 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Modeling monetary transmission and policy in China
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
This is an empirical investigation of how monetary policy has been transmitted into the macro economy of China. It forms part of a work on building a macroeconometric model of China. Econometric modeling reveals that the Chinese monetary system follows basically the Polak model with three types of effective monetary policy instruments: interest rates, the required reserve ratio, and a direct quantity control rule of the base money supply. Model simulations show that these instruments are most effective in affecting monetary aggregates and prices but are least effective in affecting the real economy in the long run.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Policy Modeling - Volume 27, Issue 2, March 2005, Pages 157-175
Journal: Journal of Policy Modeling - Volume 27, Issue 2, March 2005, Pages 157-175
نویسندگان
Duo Qin, Pilipinas Quising, Xinhua He, Shiguo Liu,