Notice of RetractionAn empirical study on the relationship between China´s output, inflation, and money supply

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.