Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212558 
Authors: 
Year of Publication: 
2005
Series/Report no.: 
BOFIT Discussion Papers No. 6/2005
Publisher: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Abstract: 
The New Keynesian Phillips curve (NKPC) posits the dynamics of inflation as forward looking and related to marginal costs.In this paper we examine the empirical relevance of the NKPC for mainland China.The empirical results indicate that an augmented (hybrid) NKPC gives results that are consistent with the data generating process.It is in this respect that the NKPC provides useful insights into the nature of inflation dynamics in mainland China as well as useful insights for the conduct of monetary policy.
Subjects: 
China
inflation
New Keynesian Phillips curve
JEL: 
C22
E31
Persistent Identifier of the first edition: 
ISBN: 
951-686-997-1
Document Type: 
Working Paper

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