China’s monetary policy: Quantity versus price rules

Two monetary policy rules, the money supply (quantity) rule and interest rate (price) rule, are explored for China in a dynamic stochastic general equilibrium model. The empirical results seem to indicate that the price rule is likely to be more effective in managing the macroeconomy than the quanti...

Full description

Saved in:

Bibliographic details
Volume:	31
Main Author:	Zhang, Wenlang
Format:	Journal Article
Language:	English
Zielgruppe:	Academic
Place of publication:	BATON ROUGE Elsevier Inc 01.09.2009 LOUISIANA STATE UNIV PR Elsevier Elsevier B.V
published in:	Journal of macroeconomics Vol. 31; no. 3; pp. 473 - 484
Data of publication:	September 2009
ISSN:	0164-0704 1873-152X
EISSN:	1873-152X
Discipline:	Economics
Series:	Journal of Macroeconomics
Subjects:	DSGE model Taylor rule Monetary policy rules Economics Business & Economics Social Sciences Monetary policy rules DSGE model Taylor rule Monetary policy Analysis Interest rates China E58 E52 Taylor rule Monetary policy rules DSGE model
Online Access:	available in Bonn?
Database:	Social Sciences Citation Index Web of Science - Social Sciences Citation Index - 2009 Web of Knowledge Web of Science RePEc RePEc IDEAS CrossRef Academic OneFile (A&I only) Database information Databases - DBIS