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A new monetary phenomenon: An analysis of the co-existence of the external appreciation and the domestic inflation of RMB

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  • Duoguang Bei

    ()

  • Xiaoli Zhu

    ()

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    Abstract

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    File URL: http://hdl.handle.net/10.1007/s11459-008-0016-6
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    Bibliographic Info

    Article provided by Springer in its journal Frontiers of Economics in China.

    Volume (Year): 3 (2008)
    Issue (Month): 3 (September)
    Pages: 327-355

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    Handle: RePEc:spr:psycho:v:3:y:2008:i:3:p:327-355

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    Related research

    Keywords: RMB; appreciation; inflation; asset price inflation; inflation index; G150; G180; 人民币; 升值; 贬值; 资产价格膨胀; 通货膨胀指数;

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    1. Michael F. Bryan & Stephen G. Cecchetti, 1993. "The Consumer Price Index as a Measure of Inflation," NBER Working Papers 4505, National Bureau of Economic Research, Inc.
    2. Michael F. Bryan & Stephen G. Cecchetti & Roisin O'Sullivan, 2002. "Asset Prices in the Measurement of Inflation," NBER Working Papers 8700, National Bureau of Economic Research, Inc.
    3. Alchian, Armen A & Klein, Benjamin, 1973. "On a Correct Measure of Inflation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 5(1), pages 173-91, Part I Fe.
    4. Benjamin M. Friedman, 2000. "Monetary Policy," NBER Working Papers 8057, National Bureau of Economic Research, Inc.
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