Holdings: Deflation in Hong Kong SAR

Deflation in Hong Kong SAR:

This paper examines the causes of deflation in Hong Kong SAR, exploring whether it reflects a prolonged process of adjustment to cyclical shocks or whether it results from price equalization pressures arising from structural integration with mainland China. To gauge the relative importance of these...

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Main Author:	Schellekens, Philip (Author)
Format:	Electronic eBook
Language:	English
Published:	Washington, D.C International Monetary Fund 2003
Series:	IMF Working Papers Working Paper No. 03/77
Online Access:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Summary:	This paper examines the causes of deflation in Hong Kong SAR, exploring whether it reflects a prolonged process of adjustment to cyclical shocks or whether it results from price equalization pressures arising from structural integration with mainland China. To gauge the relative importance of these factors, the paper provides both an econometric and a qualitative analysis of the price dynamics between Hong Kong SAR and Shenzhen, a neighboring city in mainland China. It finds that the role of price equalization as a source of deflation is minor. Deflation in Hong Kong SAR is best explained by successive cyclical shocks which have been amplified by balance-sheet and wealth effects
Physical Description:	1 Online-Ressource (26 p)
ISBN:	1451850018 9781451850017

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spelling	Schellekens, Philip Verfasser aut Deflation in Hong Kong SAR Schellekens, Philip Washington, D.C International Monetary Fund 2003 1 Online-Ressource (26 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 03/77 This paper examines the causes of deflation in Hong Kong SAR, exploring whether it reflects a prolonged process of adjustment to cyclical shocks or whether it results from price equalization pressures arising from structural integration with mainland China. To gauge the relative importance of these factors, the paper provides both an econometric and a qualitative analysis of the price dynamics between Hong Kong SAR and Shenzhen, a neighboring city in mainland China. It finds that the role of price equalization as a source of deflation is minor. Deflation in Hong Kong SAR is best explained by successive cyclical shocks which have been amplified by balance-sheet and wealth effects Online-Ausg http://elibrary.imf.org/view/IMF001/01590-9781451850017/01590-9781451850017/01590-9781451850017.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Schellekens, Philip Deflation in Hong Kong SAR
title	Deflation in Hong Kong SAR
title_auth	Deflation in Hong Kong SAR
title_exact_search	Deflation in Hong Kong SAR
title_exact_search_txtP	Deflation in Hong Kong SAR
title_full	Deflation in Hong Kong SAR Schellekens, Philip
title_fullStr	Deflation in Hong Kong SAR Schellekens, Philip
title_full_unstemmed	Deflation in Hong Kong SAR Schellekens, Philip
title_short	Deflation in Hong Kong SAR
title_sort	deflation in hong kong sar
url	http://elibrary.imf.org/view/IMF001/01590-9781451850017/01590-9781451850017/01590-9781451850017.xml
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