Title :
The empirical analysis on the effectiveness of Chinese monetary policy to contain inflation
Author_Institution :
The School Of Economics and Management Of He Nan Polytechnic University, Jiao Zuo, China (45400)
Abstract :
Whether the Chinese monetary policy can contain the inflation effectively, domestic theorists did not have a definitive conclusion until now. This article uses Akaike info criterion ADF examination, Johansen cointegration test, Granger cause and outcome test to analyze the effectiveness of China monetary policy in restraining the inflation in the period July 2005 to July 2008. The results show that inflation inertial RMB appreciation pressure offset china monetary policy effectiveness.
Keywords :
Agricultural products; Analytical models; Biological system modeling; Data models; Exchange rates; Indexes; Appreciation; Inflation; Monetary Policy;
Conference_Titel :
Information Science and Engineering (ICISE), 2010 2nd International Conference on
Conference_Location :
Hangzhou, China
Print_ISBN :
978-1-4244-7616-9
DOI :
10.1109/ICISE.2010.5689213
