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Examining the role of monetary aggregates in China

José Sánchez-Fung

Economics Bulletin, 2013, vol. 33, issue 2, 1290-1299

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: E5 E4 (search for similar items in EconPapers)
Date: 2013-05-27
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