Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212742 
Year of Publication: 
2012
Series/Report no.: 
BOFIT Discussion Papers No. 18/2012
Publisher: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Abstract: 
The paper examines the relative significance of monetary aggregates and interest rates in China using the information approach to monetary policy. The analysis reveals the superiority and robustness of a narrow monetary aggregate in contributing information about future movements in inflation.
Subjects: 
monetary policy and inflation
information approach
monetary aggregates
interest rates
China
JEL: 
E52
Persistent Identifier of the first edition: 
ISBN: 
978-952-462-749-8
Document Type: 
Working Paper

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