Abstract

  


 



The Sectoral Implications of Macroeconomic Policy: The Case of Postreform China


Andrew Feltenstein


Georgia State University - Department of Economics

Jiming Ha


International Monetary Fund (IMF)

Journal of Policy Modeling, Vol. 15, No. 3, pp. 277-296, June 1993

Abstract:     
We construct a two-part model of the Chinese economy. The first part consists of a money-supply equation, a real money-demand equation, and a savings equation. The second part comprises a set of sectoral equations. The estimated model is then used to generate a dynamic simulation of the paths of real national income, aggregate price level, sectoral output, and sectoral prices. The model tracks quite well within sample, thus indicating that it may be used to analyze the future effects of policy changes. We therefore carry out counterfactual policy simulations based on monetary changes.

Keywords: Macro-adjustment, China

JEL Classification: C68, O53

Accepted Paper Series


Date posted: March 27, 2006  

Suggested Citation

Feltenstein, Andrew and Ha, Jiming, The Sectoral Implications of Macroeconomic Policy: The Case of Postreform China. Journal of Policy Modeling, Vol. 15, No. 3, pp. 277-296, June 1993. Available at SSRN: http://ssrn.com/abstract=893024

Contact Information

Andrew Feltenstein (Contact Author)
Georgia State University - Department of Economics ( email )
P.O. Box 3992
Atlanta, GA 30302-3992
United States
404-4130093 (Phone)
Jiming Ha
International Monetary Fund (IMF) ( email )
700 19th Street NW
Washington, DC 20431
United States
Feedback to SSRN (Beta)


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