کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5048149 1370950 2006 16 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Output gaps and inflation in Mainland China
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Output gaps and inflation in Mainland China
چکیده انگلیسی

We estimate output gaps using three methods for Mainland China on annual data spanning 1982-2003. The estimates are similar and appear to co-move with inflation. Standard Phillips curves, however, do not fit the data well. This may reflect the omission of some important variable(s) such as the effect of price deregulation, trade liberalisation and/or changes in the exchange rate regime. We re-estimate the Phillips curves assuming that there is an unobserved variable that follows an AR(2) process. The modified model fits the data much better and accounts for some of the surprising features of the simple Phillips curve estimates.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: China Economic Review - Volume 17, Issue 2, 2006, Pages 210-225
نویسندگان
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