China: Macroeconomic Cycles in the 1980's
This paper explores the links between reforms, macroeconomic management and the occurrence of macroeconomic instability in China during the last decade, drawing upon previous analytical work and also employing the "Granger causality" test. It is concluded that the cycles did not originate...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1991
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Schriftenreihe: | IMF Working Papers
Working Paper No. 91/85 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper explores the links between reforms, macroeconomic management and the occurrence of macroeconomic instability in China during the last decade, drawing upon previous analytical work and also employing the "Granger causality" test. It is concluded that the cycles did not originate with the reforms; rather their characteristics were modified by structural changes in the economy. It is further argued that the incompleteness of reforms (which renders macroeconomic management difficult) had the effect of exacerbating the cycles by increasing their amplitude and frequency. Finally, results from the Granger tests suggest that broad money would be a good intermediate target for monetary policy |
Beschreibung: | 1 Online-Ressource (39 p) |
ISBN: | 1451954212 9781451954210 |
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spelling | Khor, Hoe Ee Verfasser aut China Macroeconomic Cycles in the 1980's Khor, Hoe Ee Washington, D.C International Monetary Fund 1991 1 Online-Ressource (39 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 91/85 This paper explores the links between reforms, macroeconomic management and the occurrence of macroeconomic instability in China during the last decade, drawing upon previous analytical work and also employing the "Granger causality" test. It is concluded that the cycles did not originate with the reforms; rather their characteristics were modified by structural changes in the economy. It is further argued that the incompleteness of reforms (which renders macroeconomic management difficult) had the effect of exacerbating the cycles by increasing their amplitude and frequency. Finally, results from the Granger tests suggest that broad money would be a good intermediate target for monetary policy Online-Ausg http://elibrary.imf.org/view/IMF001/01224-9781451954210/01224-9781451954210/01224-9781451954210.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Khor, Hoe Ee China Macroeconomic Cycles in the 1980's |
title | China Macroeconomic Cycles in the 1980's |
title_auth | China Macroeconomic Cycles in the 1980's |
title_exact_search | China Macroeconomic Cycles in the 1980's |
title_exact_search_txtP | China Macroeconomic Cycles in the 1980's |
title_full | China Macroeconomic Cycles in the 1980's Khor, Hoe Ee |
title_fullStr | China Macroeconomic Cycles in the 1980's Khor, Hoe Ee |
title_full_unstemmed | China Macroeconomic Cycles in the 1980's Khor, Hoe Ee |
title_short | China |
title_sort | china macroeconomic cycles in the 1980 s |
title_sub | Macroeconomic Cycles in the 1980's |
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