China : Macroeconomic Cycles in the 1980's /

This paper explores the links between reforms, macroeconomic management and the occurrence of macroeconomic instability in China during the last decade, drawing upon previous analytical work and also employing the 'Granger causality' test. It is concluded that the cycles did not originate...

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Detalhes bibliográficos
Autor principal: Khor, Hoe
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 1991.
Colecção:IMF Working Papers; Working Paper ; No. 1991/085
Acesso em linha:Full text available on IMF
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245 1 0 |a China :   |b Macroeconomic Cycles in the 1980's /  |c Hoe Khor. 
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490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper explores the links between reforms, macroeconomic management and the occurrence of macroeconomic instability in China during the last decade, drawing upon previous analytical work and also employing the 'Granger causality' test. It is concluded that the cycles did not originate with the reforms; rather their characteristics were modified by structural changes in the economy. It is further argued that the incompleteness of reforms (which renders macroeconomic management difficult) had the effect of exacerbating the cycles by increasing their amplitude and frequency. Finally, results from the Granger tests suggest that broad money would be a good intermediate target for monetary policy. 
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830 0 |a IMF Working Papers; Working Paper ;  |v No. 1991/085 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1991/085/001.1991.issue-085-en.xml  |z IMF e-Library