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| Author: | Chen, Huan Shu, Yuan |
| Title: | China's optimal growth rate of money supply (original in Chinese) |
| Journal: | Economist (c)
1998 : 3, p.90-95 |
| Index terms: | MONETARY POLICY MONEY SUPPLY CHINA |
| Language: | chn |
| Abstract: | Although there are many direct reasons for the inflation since reform in China, the deep internal reason for supporting inflation is still the excessive currency issue. Therefore, curbing inflation lies in having good control over money and credit. The optimal money supply growth rate of 16.8%, if it will remain unchaned for a long period of time, would possibly guarantee that both the annual growth rate of macro economy can rise continously starting from 9.64% and the inflation rate be kept at 5% or so. |
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