1st Edition
Inflation in China Microfoundations, Macroeconomic Dynamics, and Monetary Policy
By Chengsi Zhang
Copyright 2021
314 Pages
60 B/W Illustrations
by
Routledge
314 Pages
60 B/W Illustrations
by
Routledge
314 Pages
60 B/W Illustrations
by
Routledge
Also available as eBook on:
Inflation plays a central role in macroeconomic and financial policy regulation, and its dynamic formation has gradually become a popular research topic in this field. This book comprehensively studies the dynamic mechanism of inflation in China from the perspective of New Keynesian economics.
By combining the dynamic trajectory of price changes since China's reform and opening-up under Deng... Read more
1. Introduction 2. Dynamic Evolution of Inflation in China 3. Inflation Dynamics: Internal Transmission Perspective 4. Inflation Dynamics: Upstream and Downstream Transmission Perspective 5. Inflation Dynamics: Industry Tide Perspective 6. Inflation Dynamics: Goods Financialization Perspective 7. Inflation Dynamics: Equilibrium of Goods and Asset Markets Perspective 8. Inflation Dynamics: A Compromise Perspective between Monetarism and New Keynesianism 9. Target Mismatch and Dynamic Mechanism of Inflation 10. Inflation Expectations and Its Dynamic Mechanism 11. External Shocks, Monetary Policy, and the Structural Change of Inflation Dynamics 12. Excess Liquidity and Inflation Dynamics in an Open Environment 13. Exchange Rate Parity Relation Change and Inflation Dynamic Mechanism 14. Globalization and Inflation Dynamics 15. Disparities and Consistencies
Biography
Chengsi Zhang is Cheung Kong Distinguished Professor of Finance at the School of Finance, Renmin University of China, specializing in monetary policy, inflation mechanisms, and financial development. He published articles in leading journals, including the Journal of Money, Credit and Banking, International Journal of Central Banking, and Journal of International Money and Finance, among many other academic journals.
