کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5047931 1370926 2010 19 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Modelling inflation in China-A regional perspective
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Modelling inflation in China-A regional perspective
چکیده انگلیسی

We model provincial inflation in China during the reform period. In particular, we are interested in the ability of the hybrid New Keynesian Phillips Curve (NKPC) to capture the inflation process at the provincial level. The study highlights differences in inflation formation and shows that the NKPC provides a reasonable description of the inflation process only for the coastal provinces. A probit analysis suggests that the forward-looking inflation component and the output gap are important inflation drivers in provinces that have advanced most in marketisation of the economy and have most likely experienced excess demand pressures. These results have implications for the relative effectiveness of monetary policy across the Chinese provinces.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: China Economic Review - Volume 21, Issue 2, June 2010, Pages 237-255
نویسندگان
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