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Book Cover
E-book
Author Zhang, Chengsi

Title Inflation in China Microfoundations, Macroeconomic Dynamics, and Monetary Policy
Published Milton : Taylor & Francis Group, 2020

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Description 1 online resource (315 p.)
Series China Perspectives Ser
China Perspectives Ser
Contents Cover -- Half Title -- Series Page -- Title Page -- Copyright Page -- Table of Contents -- List of figures -- List of tables -- Chapter 1 Introduction -- Notes -- Chapter 2 Dynamic evolution of inflation in China -- 2.1 Inflation evolution path: Inflation cycle -- 2.2 Divisions of China's inflation cycle and its features -- 2.3 China's inflation cycle and its causes -- 2.3.1 1978-1982 -- 2.3.1.1 Background -- 2.3.1.2 Causes and characteristics -- 2.3.2 1982-1984 -- 2.3.2.1 Background -- 2.3.2.2 Causes and characteristics -- 2.3.3 1984-1986 -- 2.3.3.1 Background
2.3.3.2 Causes and characteristics -- 2.3.4 1986-1990 -- 2.3.4.1 Background -- 2.3.4.2 Causes and characteristics -- 2.3.5 1990-1999 -- 2.3.5.1 Background -- 2.3.5.2 Causes and characteristics -- 2.3.6 1999-2002 -- 2.3.6.1 Background -- 2.3.6.2 Causes and characteristics -- 2.3.7 2002-2006 -- 2.3.7.1 Background -- 2.3.7.2 Causes and characteristics -- 2.3.8 2006-2009 -- 2.3.8.1 Background -- 2.3.8.2 Causes and characteristics -- 2.3.9 2009-2012 -- 2.3.9.1 Background -- 2.3.9.2 Causes and characteristics -- 2.3.10 2012-2014 -- 2.3.10.1 Background -- 2.3.10.2 Causes and characteristics
2.4 Implications -- 2.5 Conclusions -- Notes -- Chapter 3 Inflation dynamics: Internal transmission perspective -- 3.1 Time series features of CPI in China -- 3.2 Internal dynamic transmission mechanism: Univariate model -- 3.3 Internal dynamic transmission mechanism: Vector model -- 3.3.1 Impulse response analysis -- 3.3.2 Variance decomposition -- 3.4 Dynamic transmission mechanism from monetary policy to CPI components -- 3.4.1 Dynamic impact of changes in monetary policies on CPI's sub-components -- 3.4.2 Dynamic impact of monetary policy shock on CPI sub-components
3.5 Structural change and its effect -- 3.6 Conclusions -- Chapter 4 Inflation dynamics: Upstream and downstream transmission perspective -- 4.1 Price chain transmission mechanism -- 4.2 Time series features of different price indices -- 4.2.1 Data description -- 4.2.2 Dynamic path description of sub-components of different price indices -- 4.2.3 Description of overall path of four price indices -- 4.2.4 Stationary test of data -- 4.3 Long-term equilibrium analysis of price chain transmission mechanism -- 4.3.1 Cointegration test -- 4.3.2 Error correction model -- 4.3.3 Granger causality test
4.4 Monetary effects on the price chain transmission mechanism -- 4.5 Conclusions -- Notes -- Chapter 5 Inflation dynamics: Industry tide perspective -- 5.1 Foundation for industry tide and inflation dynamics -- 5.2 Capital cycle movement, industry tide, and inflation -- 5.2.1 Capital cycle movement and industry tide -- 5.2.2 Inflation under industry tide -- 5.3 Real capital goods and consumer goods: Dual sector model -- 5.3.1 Benchmark framework: Supply, demand, and macroscopic equilibrium -- 5.3.2 Inflation-driving model -- 5.4 Inflation dynamics under industry tide: An empirical analysis
Notes Description based upon print version of record
5.4.1 Proposition to be tested and conversion of econometric model
Form Electronic book
ISBN 9781000166125
1000166120