Title :
The empirical analysis in short term on the relationship with money supply and price level in China
Author :
Yu-Feng Zhu ; Shu-Hui Wen
Author_Institution :
Fac. of Manage. & Econ., Kunming Univ. of Sci. & Technol., Kunming
Abstract :
Public keep general attention with the rise of the price level in near two years, especially the variation regard to consumer price index, meanwhile central bank have executed tightening of monetary policy for many times in order to solve the excess liquidity .Public forms the expection of inflation through the new phenomenon about price level rises. This article will adopt the explanation of inflation which is from monetarism school and the theory of Keynes monetary transmission mechanism. Through the analysis of datas of money supply and CPI in every month during 2006 to 2007, exploring the relationship between money supply and phenomenon about price level rises at present. The positive analysis show the price level rose was not caused by money supply amount movement and was caused by the cost of external input.
Keywords :
inflation (monetary); pricing; CPI; China; central bank; consumer price index; inflation; monetary transmission mechanism; money supply; price level rises; Conference management; Costs; Data analysis; Economic indicators; Educational institutions; Engineering management; Financial management; Power generation economics; Technology management; Testing; consumer price index; granger test of causality; monetary policy; money supply;
Conference_Titel :
Management Science and Engineering, 2008. ICMSE 2008. 15th Annual Conference Proceedings., International Conference on
Conference_Location :
Long Beach, CA
Print_ISBN :
978-1-4244-2387-3
Electronic_ISBN :
978-1-4244-2388-0
DOI :
10.1109/ICMSE.2008.4669082
