Examining the role of monetary aggregates in China
Economics Bulletin, 2013, vol. 33, issue 2, 1290-1299
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: E5 E4 (search for similar items in EconPapers)
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Working Paper: Examining the role of monetary aggregates in China (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-13-00243
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