Inflation in China: Microfoundations, Macroeconomic Dynamics, and Monetary Policy

ISBN-13: 9780367898823 / Angielski / Twarda / 2020 / 302 str.

Chengsi Zhang

Opis

This book studies the dynamic mechanism of inflation in China from the perspective of New Keynesian Economics, and develops a multifaceted approach to explore the dynamic trajectory of price changes since China's reform and opening up and the accompanying economics conditions.

Spis treści

1. Introduction 2. Dynamic Evolution of Inflation in China 3. Inflation Dynamics: Internal Transmission Perspective 4. Inflation Dynamics: Upstream and DownstreamTransmission 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 Dynamicsin anOpen Environment 13. Exchange Rate Parity Relation Change and Inflation Dynamic Mechanism 14. Globalization and Inflation Dynamics 15. Disparities and Consistencies

O autorze

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.