Influence of the People’s Bank of China Monetary Policy on the Country’s Economic Development

The article critically considers basic postulates of quantity theory of money. It shows that they reflect the static state of the economy in abstract models of market equilibrium but do not prove true in actual economic processes. In contrast to monetarists’ view, prices can rise as well as fall even if other variables of the monetarist equation are stable. Thus it cannot be used for grounding monetary policy. The author comes to the conclusion on the dogmatism of Russian monetary authorities that seriously hinders the country’s economic development. He proposes to switch to market organization of money supply basing on regulation of the refinancing rate.

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Taiwanese Mutual Fund Performance Under Different Central Bank of China Monetary Policy Environments

Emerging Markets Finance and Trade ◽

10.2753/ree1540-496x440206 ◽

2008 ◽

Vol 44 (2) ◽

pp. 100-116 ◽

Cited By ~ 3

Author(s):

Ming-Hsiang Chen ◽

Su-Jane Chen ◽

Chao-Ning Liao ◽

Chun-Ming Lin

Keyword(s):

Monetary Policy ◽

Central Bank ◽

Mutual Fund ◽

Fund Performance ◽

Mutual Fund Performance ◽

Bank Of China ◽

Policy Environments

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Monetary Policy and Nigeria's Economic Development

African Research Review ◽

10.4314/afrrev.v4i4.69218 ◽

2011 ◽

Vol 4 (4) ◽

Author(s):

LE Akujuobi

Keyword(s):

Monetary Policy ◽

Economic Development

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Greening Monetary Policy: Evidence from the People's Bank of China

SSRN Electronic Journal ◽

10.2139/ssrn.3842803 ◽

2021 ◽

Author(s):

Banque de France RPS Submitter ◽

Camille Macaire ◽

Alain Naef

Keyword(s):

Monetary Policy ◽

Bank Of China

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Inflation Inertia and Inflation Persistence in Romania Using a DSGE Approach

Emerging Research on Monetary Policy, Banking, and Financial Markets - Advances in Finance, Accounting, and Economics ◽

10.4018/978-1-5225-9269-3.ch007 ◽

2019 ◽

pp. 162-175

Keyword(s):

Monetary Policy ◽

Economic Development ◽

Significant Influence ◽

Inflation Persistence ◽

Inflation Expectation ◽

Policy Dynamics ◽

Inflation Inertia

The main purpose of this chapter is to investigate monetary policy dynamics, as well as the inflation inertia and inflation persistence in Romania using a DSGE approach. The empirical findings revealed that the price evolution reflects the difficulties of eliminating the inflation inertia. Moreover, in Romania, the historic inflation evolution has a significant influence in terms of inflation expectation patterns. Inflation is a negative phenomenon with dramatic consequences for Romania's economic development on long term.

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