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

While China's growth gathered momentum in 2017, rebalancing was uneven and decelerated along many dimensions reflecting …

Financial markets are eager for any signal of monetary policy from the People's Bank of China (PBC). The importance of … effective monetary policy communication will only increase as China continues to liberalize its financial system and open its …

As China''s economy becomes more market based and continues its rapid integration into the global economy, having an … modern principles of monetary policy in light of the current state of China''s financial institutions, we motivate and … low long-run inflation objective, operational independence for the People''s Bank of China (PBC) with formal strategic …

in China during the last decade, drawing upon previous analytical work and also employing the “Granger causality” test …

, Czechoslovakia, and China. Significant efforts have been made, or are under consideration, in all countries to develop a more …

The People''s Bank of China (PBC) has made great strides in modernizing its monetary policy frameworks but their … money in China''s monetary strategy and enhancing the role of interest rates in its conduct. We advocate adoption of an …

Interest rates in China comprise a mix of both market determined interest rates (interbank rates and bond yields), and … regulated interest rates (lending and deposit rates), reflecting China''s gradual process of interest rate liberalization. We …

China has been moving to a more market oriented financial system, which has implications for the monetary policy … income and the interest rate. For China, we find that the stable long-run relationship between money demand, output, and …