Title :
Notice of Retraction
The construction and empirical study of China´s Financial Conditions Index in new situation
Author :
Diao Jiewen ; Zhang Hu
Author_Institution :
Businiess Sch., USST, Shanghai, China
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.
The paper constructe China´s Financial Conditions Index and estimate the index based VAR methodology. The empirical results show that these variables play an important role in monetary policy and should be considered when the central bank implement monetary policy. Through the empirical analysis of Financial Conditions Index in the sample period, we confirm that the FCI can predict inflation rate well and China´s monetary policy is against the economic cycle. It finds the FCI could serve as a auxiliary indicator of China´s monetary policy.
Keywords :
banking; financial management; central bank; economic cycle; financial conditions index; index based VAR methodology; monetary policy; Aggregates; Economic indicators; Electric shock; Exchange rates; Indexes; Reactive power; Asset Price; Financial Conditions Index; Monetary Policy; VAR Model;
Conference_Titel :
Business Management and Electronic Information (BMEI), 2011 International Conference on
Conference_Location :
Guangzhou
Print_ISBN :
978-1-61284-108-3
DOI :
10.1109/ICBMEI.2011.5914878
