Inflation in China: Modelling a roller coaster ride

被引：21

作者：

Funke, Michael ^{[1
]}

机构：

[1] Univ Hamburg, Dept Econ, D-20146 Hamburg, Germany

来源：

PACIFIC ECONOMIC REVIEW | 2006年 / 11卷 / 04期

关键词：

D O I：

10.1111/j.1468-0106.2006.00325.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The New Keynesian Phillips curve (NKPC) posits the dynamics of inflation as forward looking and related to marginal costs. In this paper we examine the empirical relevance of the NKPC for China. The empirical results indicate that an augmented (hybrid) NKPC gives results that are consistent with the data generating process. It is in this respect that the NKPC provides useful insights into the nature of inflation dynamics in China as well as useful insights for the conduct of monetary policy.

引用

页码：413 / 429

页数：17

共 31 条

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