By employing the state-space model in the framework of Neo-Keynesian theory,this paper conducts an empirical test on the applicability of Taylor Rule in China’s monetary policy with the time-varying implicit inflation target.
利用新凯恩斯理论框架下的状态空间模型,基于时变隐性通货膨胀目标对Taylor规则在我国货币政策中的适用性进行实证检验后发现,在时变隐性通货膨胀目标的条件下,Taylor规则在样本时期内是我国的一种稳定的货币政策规则,名义利率的变动基本上能够与Taylor规则的利率调整要求相符合;同时,实际通货膨胀率围绕隐性通货膨胀率波动,通货膨胀率缺口具有"阶段性"的特点。
An Empirical Test of Taylor Rule in China’s Monetary Policy: New Evidences from Time-varying Implicit Inflation Target
Taylor规则在我国货币政策中的实证检验——基于时变隐性通货膨胀目标的新证据
inflationary creation of currency
通货膨胀性的创造通货
Several Theoretical Issues Concerning Potential Danger of Inflation;
关于通货膨胀隐性危害的若干理论问题
open hyperinflation
开放性恶性通货膨胀
inflation uncertainty
通货膨胀的不确定性
Structural Inflation and Monetary Policy Research
结构性通货膨胀与货币政策调控研究
galloping inflation
奔腾的通货膨胀,急剧的通货膨胀
Nonlinear Relationship of Inflation and Inflation Uncertainty in China;
中国通货膨胀与通货膨胀不确定性的非线性关系
inertial inflation: Inflation caused by spiraling wage and price increases.
惯性通货膨胀:指工资和物价螺旋上涨所造成的通货膨胀。
Empirical Research of Chinese Inflation Rate and the Uncertainty of Inflationary Expectations;
中国通货膨胀水平与通货膨胀预期不确定性的实证研究
On the Inflation Expectations in China
我国居民通货膨胀预期的性质及对通货膨胀的影响
The Protracted and Complicated Governance of Inflation;
当前通货膨胀治理的长期性和复杂性
guide-line for noninflationary wages increase
非通货膨胀性工资增长指导线
The Empirical Research on the Inflation Persistence of China;
关于中国通货膨胀持续性的实证研究
The Inflation Targeting Feasibility Study in Our Country;
通货膨胀目标制在我国的可行性研究
The Persistence of Inflation in 36 Cities of China;
中国36个城市通货膨胀持久性研究
Correlation between Inflation and Real Estate Market;
通货膨胀与房地产市场的相关性分析
Inflation Expectation and Granger Causality;
通货膨胀预期与Granger因果性研究