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Inflation in China: Modelling a Roller Coaster Ride


Michael Funke


University of Hamburg - Department of Economics and Business Administration; CESifo (Center for Economic Studies and Ifo Institute for Economic Research)

Pacific Economic Review, Vol. 11, No. 4, pp. 413-429, December 2006

Abstract:     
The New Keynesian Phillips curve (NKPC) posits the dynamics of inflation as forward looking and related to marginal costs. In this paper we examine the empirical relevance of the NKPC for China. The empirical results indicate that an augmented (hybrid) NKPC gives results that are consistent with the data generating process. It is in this respect that the NKPC provides useful insights into the nature of inflation dynamics in China as well as useful insights for the conduct of monetary policy.

Number of Pages in PDF File: 17

Accepted Paper Series


Date posted: December 7, 2006  

Suggested Citation

Funke, Michael, Inflation in China: Modelling a Roller Coaster Ride. Pacific Economic Review, Vol. 11, No. 4, pp. 413-429, December 2006. Available at SSRN: http://ssrn.com/abstract=950089 or http://dx.doi.org/10.1111/j.1468-0106.2006.00325.x

Contact Information

Michael Funke (Contact Author)
University of Hamburg - Department of Economics and Business Administration ( email )
Von-Melle-Park 5
Hamburg, 20146
Germany
CESifo (Center for Economic Studies and Ifo Institute for Economic Research)
Poschinger Str. 5
Munich, DE-81679
Germany
Feedback to SSRN (Beta)


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