DocumentCode
1657004
Title
Notice of Retraction
An empirical study on the relationship between China´s output, inflation, and money supply
Author
Weili, Huang
Author_Institution
Management School Jinan University Guangzhou, P. R. China
fYear
2011
Firstpage
1
Lastpage
4
Abstract
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
An econometric analysis on the stability of money demand and effectiveness of monetary policy is carried out under the traditional framework of the quantity theory of money. The research results are as follows: there exists only one co-integrating relationship between China´s output, inflation and money supply; money supply is a weakly exogenous variable, thus suitable used as a monetary policy variable; money supply shock exerts real effects on output and inflation and monetary policy is effective.
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
An econometric analysis on the stability of money demand and effectiveness of monetary policy is carried out under the traditional framework of the quantity theory of money. The research results are as follows: there exists only one co-integrating relationship between China´s output, inflation and money supply; money supply is a weakly exogenous variable, thus suitable used as a monetary policy variable; money supply shock exerts real effects on output and inflation and monetary policy is effective.
Keywords
Biological system modeling; Econometrics; Economic indicators; Electric shock; Estimation; Reactive power; Testing; Exogeneity; Inflation; Money Supply; Output;
fLanguage
English
Publisher
ieee
Conference_Titel
E -Business and E -Government (ICEE), 2011 International Conference on
Conference_Location
Shanghai, China
Print_ISBN
978-1-4244-8691-5
Type
conf
DOI
10.1109/ICEBEG.2011.5882529
Filename
5882529
Link To Document