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dc.contributor.authorMo, Ke
dc.date.accessioned2009-06-28T22:43:20Z
dc.date.issued2009
dc.identifier.urihttps://hdl.handle.net/10182/1105
dc.description.abstractThis study examines which monetary aggregates, namely nominal M0, M1 and M2, can be used by the People’s Bank of China to conduct monetary policy. The model includes real M0, M1 and M2 as the dependent variable respectively and their determinants, such as real income, real inflation rate, and real rate of one-year saving deposit. Johansen (1988) and Johansen and Juselius’s (1990) procedures are used to estimate the long-run relationship between the monetary aggregates and their variables. Short-run model is applied to M0, M1 and M2 respectively to see whether the error term is negative to validate the significance of the long-run relationship using the Ordinary Least Square estimation.en
dc.format.extent1-81en
dc.language.isoen
dc.publisherLincoln University
dc.subjectunit rootsen
dc.subjectmoney targetingen
dc.subjectcointegrationen
dc.subjectincome elasticityen
dc.titleIs money targeting an option for the People's Bank of China?en
dc.typeThesis
thesis.degree.grantorLincoln Universityen
thesis.degree.levelMastersen
thesis.degree.nameMaster of Commerce and Managementen
dc.subject.marsdenFields of Research::340000 Economicsen
lu.contributor.unitLincoln University
lu.contributor.unitFaculty of Agribusiness and Commerce
pubs.organisational-group/LU
pubs.organisational-group/LU/Faculty of Agribusiness and Commerce
pubs.publication-statusPublisheden
dc.publisher.placeChristchurchen


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