China's Monetary Policy

By applying modern monetary theories to China's reality, this book reviews the development practice of China's monetary policy and discusses the transitional goals of China's monetary policy in the new stage of high-quality economic development.

Autorentext

Fan Conglai is professor and doctoral supervisor at Nanjing University, Director of the Yangtze River Delta Economic and Social Development Research Center at Nanjing University, China. His research directions are monetary economics, corporate finance and monetary policy.

Klappentext

By applying modern monetary theories to China's reality, this book reviews the development practice of China's monetary policy and discusses the transitional goals of China's monetary policy in the new stage of high-quality economic development.

Inhalt

Introduction

1 Literature Review of Research on Monetary Policy

2 Learning Expectations and Inflation Persistence

3 Adaptive Learning and Inflation in Nonequilibrium Operation

4 Inflation Dynamics in a Dual Labor Market

5 Driving Factors of China's Inflation

6 Speed of Learning Process and China's Extended New Phillips Curve

7 International Transmission Mechanism of Price Fluctuations

8 The Impact of Globalization on China's Price Level

9 Exchange Rate Regime Targeting on Price and Exchange Rate Stability

10 Monetary Policy Regulation under Heterogeneous Financial Shocks

11 Monetary Policy Reform in Differentiation of Economic and Financial Cycles

12 High-Quality Development and the Transition of Monetary Policy Framework