Abstract
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.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 139-158 |
| Number of pages | 20 |
| Journal | Journal of Asian Economics |
| Volume | 9 |
| Issue number | 1 |
| DOIs | |
| State | Published - Jan 1 1998 |
All Science Journal Classification (ASJC) codes
- Finance
- Economics and Econometrics