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Endogenous Money in China : Evidence and Insights on Recent Policies
Oleh:
Mookerjee, Rajen
;
Peebles, Gavin
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Journal of Asian Economics vol. 9 no. 1 (1998)
,
page 139-158.
Topik:
EVIDENCE
;
endogenous money
;
evidence
;
recent policies
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
JJ50.2
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Using a broad range of macroeconomic variables, including five definitions of money, this paper concludes that money is endogenous in China. This in turn suggests that the authorities in China find it difficult to control monetary growth through indirect levers. This recognition on the part of the authorities, has resulted in a shift in policy actions to control recent inflation.
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