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III Monetary and Fiscal Policies in Transition

III Monetary and Fiscal Policies in Transition »

Source: China : Economic Reform and Macroeconomic Management

Series: Occasional Papers

Author(s): Gyorgy Szapary , Steven Dunaway , David Burton , and Mario Bléjer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 1991

ISBN: 9781557752024

Keywords: inflation, monetary policy, state enterprises, monetary fund, price level

Chapter II, under the rigid central planning in place before the reforms, enterprises had little or no independent decision-making powers with respect to investment, production, prices, or wages...

II Overview of Reforms

II Overview of Reforms »

Source: China : Economic Reform and Macroeconomic Management

Series: Occasional Papers

Author(s): Gyorgy Szapary , Steven Dunaway , David Burton , and Mario Bléjer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 1991

ISBN: 9781557752024

Keywords: inflation, monetary policy, state enterprises, monetary fund, price level

In late 1978 China announced a program to reshape its economy. Over the subsequent ten years, economic reform involved the relaxation of direct planning controls, the decentralization of economic decision ma...

I Introduction

I Introduction »

Source: China : Economic Reform and Macroeconomic Management

Series: Occasional Papers

Author(s): Gyorgy Szapary , Steven Dunaway , David Burton , and Mario Bléjer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 1991

ISBN: 9781557752024

Keywords: inflation, monetary policy, state enterprises, monetary fund, price level

China has undertaken a wide-ranging program of economic reforms since 1978. Recognizing that the rigidities inherent in central planning had seriously inhibited the efficient allocation of resources and had...

Front Matter

Front Matter »

Source: China : Economic Reform and Macroeconomic Management

Series: Occasional Papers

Author(s): Gyorgy Szapary , Steven Dunaway , David Burton , and Mario Bléjer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 1991

ISBN: 9781557752024

Keywords: inflation, monetary policy, state enterprises, monetary fund, price level

China encountered problems preserving economic stability while pursuing reforms aimed at increasing its economic flexibility and efficiency. This paper examines China's experience with market-oriented reforms since...

Back Matter

Back Matter »

Source: China : Economic Reform and Macroeconomic Management

Series: Occasional Papers

Author(s): Gyorgy Szapary , Steven Dunaway , David Burton , and Mario Bléjer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 1991

ISBN: 9781557752024

Keywords: inflation, monetary policy, state enterprises, monetary fund, price level

China encountered problems preserving economic stability while pursuing reforms aimed at increasing its economic flexibility and efficiency. This paper examines China's experience with market-oriented reforms since...

China
			: Economic Reform and Macroeconomic Management

China : Economic Reform and Macroeconomic Management »

Series: Occasional Papers

Author(s): Gyorgy Szapary , Steven Dunaway , David Burton , and Mario Bléjer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 1991

DOI: http://dx.doi.org/10.5089/9781557752024.084

ISBN: 9781557752024

Keywords: inflation, monetary policy, state enterprises, monetary fund, price level

China encountered problems preserving economic stability while pursuing reforms aimed at increasing its economic flexibility and efficiency. This paper examines China's experience with market-oriented reforms since...

Appendix: Demand for Money

Appendix: Demand for Money »

Source: China : Economic Reform and Macroeconomic Management

Series: Occasional Papers

Author(s): Gyorgy Szapary , Steven Dunaway , David Burton , and Mario Bléjer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 1991

ISBN: 9781557752024

Keywords: inflation, monetary policy, state enterprises, monetary fund, price level

Burton and Ha (1990). The approach adopted involved testing down from a general autoregressive lag model, in which the explanatory variables were inflation and a measure of incom...