DocumentCode
483270
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
fYear
2009
fDate
23-25 Jan. 2009
Firstpage
513
Lastpage
516
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;
fLanguage
English
Publisher
ieee
Conference_Titel
Knowledge Discovery and Data Mining, 2009. WKDD 2009. Second International Workshop on
Conference_Location
Moscow
Print_ISBN
978-0-7695-3543-2
Type
conf
DOI
10.1109/WKDD.2009.222
Filename
4771987
Link To Document