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| Author: | Li, Zhiguo |
| Title: | Case study of decisions concerning China potential demand for money and effects of supply gap (original in Chinese) |
| Journal: | Forecasting (c)
1999 : 4, p.25-27 |
| Index terms: | MONEY SUPPLY MONEY DEMAND CHINA |
| Language: | chn |
| Abstract: | According to the supply gap over the past years, it can be found that China long-term monetary policy is sound, and expansionary monetary policy and restrictive monetary policy appears in turn. It has a lot of macro-effects on total output. If current monetary supply has 3.5% gap, then output will has 1% gap in the following term. The monetary policy, which uses control over bank credit level as basic point, has quite positive effects on macro-economic function. However, extreme deviation that emerged in the near period showed this benchmark is outdated. |
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