We model provincial inflation in China during the reform period. In particular, we are interested in the ability of the … hybrid New Keynesian Phillips Curve (NKPC) to capture the inflation process at the provincial level. The study highlights … differences in inflation formation and shows that the NKPC provides a reasonable description of the inflation process only for the …

import prices only to a small extent, it may have a substantial impact on inflation, as it exerts a sizeable impact on the …

China has been provoked into speeding renminbi internationalization. But despite rapid growth in offshore financial … repression in domestic interest rates→to avoid an avalanche of foreign capital inflows that would threaten inflation and asset … could attract even more hot money inflows, the People's Bank of China should focus on tightly stabilizing the yuan/ dollar …

, which is not conducive to countering the impact of external shocks. We show that China's macroeconomic responses to external …

This study empirically examines the influence of trade openness on the rate of inflation by focusing on the Chinese … impacted the rate of inflation not only negatively but also significantly. This means that trade openness could be used as a … tool to fight against higher inflation. Similarly, government expenditure, economic growth, exchange rate and money supply …

frequency vector autoregression (VAR). It shows that potential causalities for inflation, relative price variability, relative …

There has been much concern about inflation in China recently. The People’s Bank in the last few months has raised the … reserve requirement several times to control the money supply to slow down inflation. In 1985 when I was organizing a summer … workshop on macroeconomics in cooperation with the Ministry of Education, Premier Zhao Ziyang asked me to forecast inflation in …