| 000 | 01527nam a22002537a 4500 | ||
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| 003 | ZW-GwMSU | ||
| 005 | 20240521085519.0 | ||
| 008 | 240521b |||||||| |||| 00| 0 eng d | ||
| 022 | _a08887233 | ||
| 040 |
_aMSU _bEnglish _cMSU _erda |
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| 050 | 0 | 0 | _aHB90 COM |
| 100 | 1 |
_aMehrotra, Aaron _eauthor |
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| 245 | 1 | 0 |
_aChina's monetary policy and the exchange rate _ccreated by |
| 264 | 1 |
_aBasingstoke: _bPalgrave Macmillan, _c2010 |
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| 336 |
_2rdacontent _atext _btxt |
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| 337 |
_2rdamedia _aunmediated _bn |
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| 338 |
_2rdacarrier _avolume _bnc |
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| 440 |
_aComparative economic studies _vVolume 52, number 4 |
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| 520 | 3 | _aThe paper models monetary policy in China using a hybrid McCallum–Taylor empirical reaction function. The feedback rule allows for reactions to inflation and output gaps, and to developments in a trade-weighted exchange rate gap measure. The investigation finds that monetary policy in China has, on average, accommodated inflationary developments. But exchange rate shocks do not significantly affect monetary policy behaviour, and there is no evidence of a structural break in the estimated reaction function at the end of the strict dollar peg in July 2005. The paper also runs an exercise incorporating survey-based inflation expectations into the policy reaction function and meets with some success. | |
| 650 |
_aExchange rate _vTaylor rule _xInflation expectations _zChina |
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| 700 |
_aSánchez-Fung, José R. _eco-author |
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| 856 | _uhttps://doi.org/10.1057/ces.2010.16 | ||
| 942 |
_2lcc _cJA |
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| 999 |
_c165576 _d165576 |
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