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Persistent link: https://www.econbiz.de/10011642892
Persistent link: https://www.econbiz.de/10011647256
Error correction models of the demand for a range of monetary aggregates in China are estimated with quarterly data for … indirect evidence against the existence of substantial repressed inflation in China during the sample period. This is a working …
Persistent link: https://www.econbiz.de/10014396177
Market-oriented economic reforms in centrally planned economies have altered the functions and objectives of key policy instruments, particularly in the case of fiscal policy. As a result of reform, economic management requires the use of “indirect” levers to regulate the behavior of...
Persistent link: https://www.econbiz.de/10014396291
Household savings behavior in China during the past 30 years has been studied by using econometric models with the time …
Persistent link: https://www.econbiz.de/10014396466
This paper examines the relationship between macroeconomic stabilization and market-oriented reform in planned economies. It emphasizes that market-oriented reform should enhance the likelihood that adjustment to exogenous disturbances will involve genuine adjustment in the sense of actually...
Persistent link: https://www.econbiz.de/10014396471
Shocks to aggregate activity in China have a significant and persistent short-run impact on the price of oil and some … effect on commodity prices. China’s impact on world commodity markets is rising but, perhaps surprisingly, remains smaller …
Persistent link: https://www.econbiz.de/10014396561
Among emerging market currencies, the RMB holds the most potential to become widely used internationally, due to China …
Persistent link: https://www.econbiz.de/10014396567
total factor productivity (TFP). Evidence suggests that most of the US-China TFP differences lie in the inefficiency of … China''s domestic-oriented service and agricultural sectors. This paper focuses on (1) the evidence of monopoly rights and … its influence on work practice improvement at China''s firms and plants and (2) the evidence that policy arrangement there …
Persistent link: https://www.econbiz.de/10014396573