Chang, Chih-Hsiang; Chan, Kam C.; Fung, Hung-Gay - In: China & World Economy 17 (2009) 2, pp. 35-44
Over the past 30 years, China has achieved remarkable long-term economic growth. Using quarterly data, we study the effects of money supply on real output and inflation in China between 1993 and 2008. To this end, we use money supply shocks after filtering out the expected component of the money...