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José R Sánchez-Fung
''Examining the role of monetary aggregates in China''
( 2013, Vol. 33 No.2 )
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.
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
Manuscript Received : Mar 28 2013 Manuscript Accepted : May 27 2013

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