Arbeitspapier
Inflation in mainland China: modelling a roller coaster ride
The New Keynesian Phillips curve (NKPC) posits the dynamics of inflation as forward looking and related to marginal costs.In this paper we examine the empirical relevance of the NKPC for mainland China.The empirical results indicate that an augmented (hybrid) NKPC gives results that are consistent with the data generating process.It is in this respect that the NKPC provides useful insights into the nature of inflation dynamics in mainland China as well as useful insights for the conduct of monetary policy.
- Sprache
-
Englisch
- ISBN
-
951-686-997-1
- Erschienen in
-
Series: BOFIT Discussion Papers ; No. 6/2005
Klassifikation
Wirtschaft
Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
Price Level; Inflation; Deflation
Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
Price Level; Inflation; Deflation
Thema
China
inflation
New Keynesian Phillips curve
inflation
New Keynesian Phillips curve
Ereignis
Geistige Schöpfung
(wer)
Funke, Michael
Ereignis
Veröffentlichung
(wer)
Bank of Finland, Institute for Economies in Transition (BOFIT)
(wo)
Helsinki
(wann)
2005
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:22 MESZ
Objekttyp
- Arbeitspapier
Beteiligte
- Funke, Michael
- Bank of Finland, Institute for Economies in Transition (BOFIT)
Entstanden
- 2005
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