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José R Sánchez-Fung |
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''Examining the role of monetary aggregates in China'' |
( 2013, Vol. 33 No.2 ) |
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The paper examines the relative significance of monetary aggregates and interest rates in China using the information approach to monetary policy. The analysis reveals the superiority and robustness of a narrow monetary aggregate in contributing information about future movements in inflation. |
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Keywords: Monetary policy and inflation; information approach; monetary aggregates; interest rates; China. |
JEL: E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit: General E4 - Money and Interest Rates: General |
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Manuscript Received : Mar 28 2013 | | Manuscript Accepted : May 27 2013 |
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