Yiping, Huang; Xun, Wang; Xiuping, Hua - East Asian Bureau of Economic Research (EABER) - 2010
We examine determinants of inflation in China. Analyses of both yearonyear and monthonmonth growth data confirm excess … liquidity, output gap, housing prices and stock prices positively affecting inflation. Impulse response analyses indicate that … exchange rates on inflation are relatively weak. Our results suggest that output gap is as important as excess liquidity in …