Globalization and Changing Inflation Dynamics in China

被引：4
|
作者：
Zhang, Chengsi [1 ,2 ]
He, Huidong [3 ]
机构：
[1] Renmin Univ China, Sch Finance, Beijing 100872, Peoples R China
[2] Renmin Univ China, China Financial Policy Res Ctr, Beijing 100872, Peoples R China
[3] Cornell Univ, Coll Arts & Sci, Ithaca, NY USA
来源：
EMERGING MARKETS FINANCE AND TRADE | 2016年 / 52卷 / 03期
基金：
中国国家自然科学基金;
关键词：
globalization; inflation; NKPC; inflation dynamics; KEYNESIAN PHILLIPS-CURVE; DOMESTIC INFLATION; SERIAL-CORRELATION; STRUCTURAL-CHANGE; TESTS;
D O I：
10.1080/1540496X.2014.998565
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This article investigates the changing impact of economic globalization on inflation in China over the post-reform era. We construct an inflation dynamics model with globalization factors from microeconomic foundations. Empirical results with quarterly data spanning from 1984 to 2012 show that in 1994 there was a significant structural change in the inflation dynamics model, after which China's inflation responded more significantly to foreign economic slack while the slope of the inflation-domestic slack relation reduced substantively.
引用
收藏
页码：625 / 638
页数：14
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