Inflation in China - Microfoundations, Macroeconomic Dynamics, and Monetary Policy (Paperback)

Inflation plays a central role in macroeconomic and financial policy regulation, and its dynamic formation has gradually become a popular research topic in this field. This book comprehensively studies the dynamic mechanism of inflation in China from the perspective of New Keynesian economics. By combining the dynamic trajectory of price changes since China's reform and opening-up under Deng Xiaoping as well as the underlying economic operating characteristics, the book deploys a multifaceted approach to understand the mechanism of inflation dynamics. The author explores the microfoundations of inflation dynamics, and underlines their importance in the context of modern monetary policy. In particular, he builds upon the traditional New Keynesian Phillips curve to include factors of globalization and financialization within the inflation formation regime of modern China. As the book explores the dynamic mechanism of China's inflation from different perspectives including inflation cycle theory, price index internal conduction, price index chain transmission, capital rotation, and industry inflation mechanisms, international readers will gain a full understanding of China's inflation, monetary policy, and economy.

General

Imprint:	Routledge
Country of origin:	United Kingdom
Series:	China Perspectives
Release date:	April 2022
First published:	2021
Authors:	Chengsi Zhang
Contributors:	Diana Gao
Dimensions:	234 x 156 x 27mm (L x W x T)
Format:	Paperback
Pages:	302
ISBN-13:	978-0-367-53603-9
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Books > Business & Economics > Economics > Macroeconomics > General Books > Business & Economics > Finance & accounting > Accounting > Public finance accounting
LSN:	0-367-53603-X
Barcode:	9780367536039

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