Examining the role of monetary aggregates in China

José Sánchez-Fung

No 18/2012, BOFIT Discussion Papers from Bank of Finland Institute for Emerging Economies (BOFIT)

Abstract: The paper examines the relative significance of monetary aggregates and interest rates in China using the information approach to monetary policy. The analysis reveals the superiority and robustness of a narrow monetary aggregate in contributing information about future movements in inflation.

Keywords: monetary policy and inflation; information approach; monetary aggregates; interest rates; China (search for similar items in EconPapers)
JEL-codes: E52 (search for similar items in EconPapers)
Date: 2012
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Journal Article: Examining the role of monetary aggregates in China (2013)
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