Inflation in China: Microfoundations, Macroeconomic Dynamics, and Monetary Policy

This book explores the dynamic mechanism of inflation in China from the perspective of New Keynesian economics, combining price changes since China's reform and opening-up with economic operating characteristics. It examines the microfoundations of inflation dynamics and emphasizes their importance in modern monetary policy. It also explores different perspectives, such as inflation cycle theory, price index internal conduction, price index chain transmission, capital rotation, and industry inflation mechanisms, providing international readers with a comprehensive understanding of China's inflation, monetary policy, and economy.

Format: Paperback / softback
Length: 314 pages
Publication date: 29 April 2022
Publisher: Taylor & Francis Ltd

Inflation holds a pivotal position in the realm of macroeconomic and financial policy regulation, and its ever-evolving nature has garnered significant attention within the field of research. This comprehensive book delves into the intricate dynamics of inflation in China, employing a New Keynesian economic lens. By amalgamating the trajectory of price fluctuations since China's reform and opening-up under Deng Xiaoping, alongside the fundamental economic characteristics at play, the book adopts a multifaceted approach to unravel the mechanism governing inflation dynamics. The author delves into the microfoundations of inflation, emphasizing their significance in the context of modern monetary policy. In particular, the book expands upon the traditional New Keynesian Phillips curve, incorporating factors of globalization and financialization into the framework governing inflation formation in contemporary China.

As the book traverses various perspectives, including inflation cycle theory, price index internal conduction, price index chain transmission, capital rotation, and industry inflation mechanisms, international readers will acquire a comprehensive understanding of China's inflation, monetary policy, and economy. This insightful exploration will undoubtedly contribute to a deeper comprehension of China's economic landscape and its monetary policy decisions.

Dimension: 234 x 156 (mm)
ISBN-13: 9780367536039