research in China has primarily focused on the correlation between monetary policy and a specific asset price, while this book … -- Study on Building China’s Financial Supervision System -- Reference -- Acknowledgement. … inflation, and provides a theoretical basis for and empirical demonstration of monetary policy implementation in China. Previous …

shifting the pattern of behaviour. We show a change in the correlation between each of the three variables with stock returns …. Notably, a predominantly negative correlation with bond yields and inflation becomes positive, while the opposite is true for …