The empirics of inflation in China
A model to explain inflation in China was first estimated in 1985 and is updated using annual data from 1952 to 2008. The rate of inflation is well explained by its own lag, the growth rate of the ratio of money supply to output and an error correction term. The parameters of the model remain constant in spite of substantial changes in China's economic institutions after 1979.
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- Chow, Gregory C., 1987. "Money and price level determination in China," Journal of Comparative Economics, Elsevier, vol. 11(3), pages 319-333, September.
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