BOFIT Discussion Papers, Institute for Economies in Transition, Bank of Finland
José R. Sánchez-Fung
Examining the role of monetary aggregates in China
Abstract: 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; (follow links to similar papers)
JEL-Codes: E52; (follow links to similar papers)
14 pages, September 3, 2012
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