Is Inflation Targeting Suitable for China?

Jiang, Dou (2010). Is Inflation Targeting Suitable for China? Master's Thesis, School of Economics, The University of Queensland.

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Author Jiang, Dou
Thesis Title Is Inflation Targeting Suitable for China?
School, Centre or Institute School of Economics
Institution The University of Queensland
Publication date 2010
Thesis type Master's Thesis
Supervisor Bruce Littleboy
Total pages 85
Language eng
Subjects 140212 Macroeconomics (incl. Monetary and Fiscal Theory)
Formatted abstract
Since the start of economic and social reform in 1979, China's economy has transited from a centrally planned system to a more market-oriented economy. The policy instruments, the intermediate targets and the institutional framework of monetary policy have undergone significant changes. However, the effectiveness of monetary policy has recently been criticized by many economists. Thus inflation targeting as an alternative regime has been proposed in the China National People's Congress. Many central banks have adopted inflation targeting since 1990. There is considerable literature about the effectiveness of China's monetary policy as well as the inflation targeting framework applied elsewhere. However, there is not significant research about the feasibility of adopting inflation targeting regime specifically in China. This paper describes the evolution of monetary policy in China and identifies potential barriers to introducing an inflation target.
Keyword China
Monetary policy
Inflation Targeting

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