experienced very high inflation or hyperinflation, which had originated in the perestroika period and following the dissolution of … the ruble area. After the introduction of new currencies and stabilization programs in the mid-1990s, inflation moderated …

the NKPC provides useful insights into the nature of inflation dynamics in mainland China as well as useful insights for …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 mainland China. The empirical results indicate that …

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 …

increases in China for global inflation pressures are also discussed. …This study finds that the growth in labour costs in China is not passed through fully to final prices in China, neither …

Monetary policy in mainland China differs from conventional central banking in several respects. The central bank … captures China’s unconventional monetary policy toolkit. We find that credit quotas are important as the interest-rate corridor … distorts the efficient reactions of the economy. Moreover, for China’s central bankers the choice of a particular monetary …

Nonlinear Auto Regressive Moving Average with eXogenous inputs (NAR-MAX), to investigate determinants of housing prices in China … prices in China and will provide some valuable insights on how to use monetary policies to manage asset prices. …

This paper studies the wealth channel in China. Using the structural vector autoregression method, we find that a … loosening of China’s monetary policy indeed leads to higher asset prices, which in turn are linked to household consumption …. However, the importance of the wealth channel as a part of the monetary policy transmission mechanism in China is still …

stability in mainland China. We examine whether excess money relative to rulebased values provides information that improves the … goods price inflation, but the results for consumer prices depend on the forecasting period. Nevertheless, growth of the …

the monetary policy tools in China. Whereas administrative policy measures were effective in guiding the behaviour of … credit demand framework, whether the impact of interest rates in China has become stronger over the last decade. Our results …

This paper evaluates various financial system reform initiatives and proposals in China in a DSGE modelling setting …