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黄益平:what determine china's inflation [推广有奖]

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seeocean 发表于 2010-2-3 09:53:06 |AI写论文

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[Abstract] We examine determinants of inflation in China. Analyses of both year-on-year and month-on-month growth data confirm excess liquidity, output gap, housing prices and stock prices positively affecting inflation. Impulse response analyses indicate that most effects occur during the initial five months and disappear after 10 months. Effects of real interest rates and exchange rates on inflation are relatively weak. Our results suggest that output gap is as important as excess liquidity in explaining inflation trajectory. The central bank should closely monitor asset prices given their spillovers to inflation. Currently liquidity measures are still central for controlling inflation, but further liberalization of interest rates and exchange rates are critical.
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关键词:inflation determine flation ATION China China inflation 黄益平 determine

沙发
hzhil 发表于 2010-6-26 10:42:17
thank you !!!!

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