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- W2361603516 abstract "Based on China's monthly CPI data from Jan 1983 to Feb 2009,the author studied the asymmetric feature of inflation impact and examined whether the introduction of the money supply as intermediate policy goal had significantly lowered the long-term component of the inflation uncertainty with several asymmetric GARCH models and the information impact curve. The findings show that there exists asymmetric effect of inflation impact on inflation uncertainty. Comparing inflation impact with deflation impact at the same level,inflation uncertainty caused by inflation impact is greater than that caused by deflation impact. Though it is consequently questioned that the appropriateness of the money supply as intermediate policy goal implemented by the People's Bank of China since 1996,we argue that it did lower the long-term component of the inflation uncertainty to some degree objectively." @default.
- W2361603516 created "2016-06-24" @default.
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- W2361603516 date "2010-01-01" @default.
- W2361603516 modified "2023-09-23" @default.
- W2361603516 title "A Case Analysis of the Inflation Uncertainty in China With a Perspective of Asymmetric Effect" @default.
- W2361603516 hasPublicationYear "2010" @default.
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