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Output gaps and inflation in Mainland China
Gerlach, Stefan (Avtor), Peng, Wensheng (Avtor)

URLURL - Predstavitvena datoteka, za dostop obiščite http://www.bis.org/publ/work194.pdf Novo okno

Izvleček
We estimate output gaps using three methods for Mainland China on annual data panning 1982-2003. The estimates are similar and appear to co-move with inflation. Standards Phillips curves, however, do not fit the data well. This may reflect the omission of some important variable(s) such as the effect of price deregulation, trade liberalisation and /or changes in the exchange rate regime. We reestimate the Phillips curves assuming that there is an unobserved variable that follows an AR(2) process. The modified model fits the data much better and accounts for some of the surprising features of the simple Phillips curve estimates.

Jezik:Angleški jezik
Ključne besede:Kitajska, monetarna politika, inflacija, ekonometrija, modeli, kalkulacije, China, monetary policy, inflation, econometrics, models, calculations
Vrsta gradiva:Delo ni kategorizirano (r6)
Organizacija:EF - Ekonomska fakulteta
Leto izida:2006
Založnik:Bank for International Settlements, Monetary and Economic Dept.
Št. strani:27 str.
Kraj:Basel (Switzerland)
UDK:336
COBISS.SI-ID:17646310 Povezava se odpre v novem oknu
Število ogledov:811
Število prenosov:403
Metapodatki:XML RDF-CHPDL DC-XML DC-RDF
 
Skupna ocena:(0 glasov)
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