Yang, Jisheng - In: Frontiers of Economics in China 5 (2010) 3, pp. 421-429
investigate the inflation dynamics and the effect of excess liquidity in China. According to the estimation result, some soundly … conclusions can be drawn. Firstly, the empirical results indicate that the HNKPC is consistent with the nature of inflation … dynamics in China, which posits the inflation dynamics as the combination of backward looking adaptive expectations and forward …