TY - JOUR
T1 - Endogenous money in China
T2 - Evidence and insights on recent policies
AU - Mookerjee, Rajen
AU - Peebles, Gavin
PY - 1998/1/1
Y1 - 1998/1/1
N2 - Using a broad range of macroeconomic variables, including five definitions of money, this paper concludes that money is endogenous in China. This in turn suggests that the authorities in China find it difficult to control monetary growth through indirect levers. This recognition on the part of the authorities, has resulted in a shift in policy actions to control recent inflation.
AB - Using a broad range of macroeconomic variables, including five definitions of money, this paper concludes that money is endogenous in China. This in turn suggests that the authorities in China find it difficult to control monetary growth through indirect levers. This recognition on the part of the authorities, has resulted in a shift in policy actions to control recent inflation.
UR - http://www.scopus.com/inward/record.url?scp=0032020199&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=0032020199&partnerID=8YFLogxK
U2 - 10.1016/S1049-0078(99)80075-X
DO - 10.1016/S1049-0078(99)80075-X
M3 - Article
AN - SCOPUS:0032020199
SN - 1049-0078
VL - 9
SP - 139
EP - 158
JO - Journal of Asian Economics
JF - Journal of Asian Economics
IS - 1
ER -