Monetary policy rules under a fixed exchange rate regime: empirical evidence from China

This article uses an open economy model to estimate, using cointegration and error-correction analysis, China's monetary policy reaction function for the period 1993 to 2003. Alternative inflation-forecast-based (IFB) policy Taylor-type rules for the interest rate are examined and their paramet...

Full description

Saved in:
Bibliographic details
Volume: 17
Main Author: Wang, Shengzu
Handa, Jagdish
Format: Journal Article
Language: English
Place of publication: Routledge 01.08.2007
Taylor and Francis Journals
published in: Applied financial economics Vol. 17; no. 12; pp. 941 - 950
Data of publication: 8/1/2007
ISSN: 0960-3107
EISSN: 1466-4305
Discipline: Economics
Series: Applied Financial Economics
Online Access: Fulltext
Database: RePEc
Database information Databases - DBIS