Now showing items 1-2 of 2
Evaluating McCallum rule as policy guideline for China
(Lincoln University. Faculty of Commerce. Department of Accounting, Economics and Finance., 2010)
Economists have reached a consensus that central bank could improve its policy efficiency by following a monetary policy rule. Given that money supply is the People’s Bank of China (PBC) principal policy instrument and its ...
The effects of short-term interest rates on output, price and exchange rates: recent evidence from China
(Institute for Business and Finance Research, LLC, 2010)
This paper utilizes VAR techniques to examine the relationship between a policy related variable and selected macro-variables in China. Johansen’s cointegration tests fail to find a moving equilibrium among the related ...