Title :
Monetary Policy Rule in Transitional China: A Selection Based on the Result of Simulation
Author :
Li, Li ; Yang Liu
Author_Institution :
Sch. of Bus., Hubei Univ., Wuhan
Abstract :
By using the quarterly data of 1996-2005 in China, this paper evaluates the usefulness of a monetary policy rule designed for developed economies. Drawing on our econometric analysis, we argue that the model comes closer to the data of China ,it is an ideal framework for chinese monetary policy analysis. The paper also suggests to make modifications of the typical policy rule to explain Chinese economy better.
Keywords :
econometrics; macroeconomics; Chinese economy; Chinese monetary policy analysis; developed economies; econometric analysis; monetary policy rule; transitional China; Bonding; Convergence; Data mining; Econometrics; Economic indicators; Exchange rates; Macroeconomics; Optimal control; Stability; Stochastic processes; Dynamic Stochastic General Equilibrium Model; Money Policy; Money rule;
Conference_Titel :
Knowledge Discovery and Data Mining, 2009. WKDD 2009. Second International Workshop on
Conference_Location :
Moscow
Print_ISBN :
978-0-7695-3543-2
DOI :
10.1109/WKDD.2009.222
