Catalogo Articoli (Spogli Riviste)

OPAC HELP

Titolo:
Monetary policy and credit in China: A theoretical analysis
Autore:
Bennett, J; Dixon, HD;
Indirizzi:
Brunel Univ, Uxbridge UB8 3PH, Middx, England Brunel Univ Uxbridge Middx England UB8 3PH bridge UB8 3PH, Middx, England Univ York, York YO1 5DD, N Yorkshire, England Univ York York N Yorkshire England YO1 5DD YO1 5DD, N Yorkshire, England
Titolo Testata:
JOURNAL OF MACROECONOMICS
fascicolo: 2, volume: 23, anno: 2001,
pagine: 297 - 314
SICI:
0164-0704(200121)23:2<297:MPACIC>2.0.ZU;2-1
Fonte:
ISI
Lingua:
ENG
Soggetto:
ECONOMY; DEMAND; MODEL;
Tipo documento:
Article
Natura:
Periodico
Settore Disciplinare:
Social & Behavioral Sciences
Citazioni:
24
Recensione:
Indirizzi per estratti:
Indirizzo: Bennett, J Brunel Univ, Uxbridge UB8 3PH, Middx, England Brunel Univ Uxbridge Middx England UB8 3PH 3PH, Middx, England
Citazione:
J. Bennett e H.D. Dixon, "Monetary policy and credit in China: A theoretical analysis", J MACROECON, 23(2), 2001, pp. 297-314

Abstract

A three-sector model of the Chinese economy is developed in which the activity of state-owned enterprises (SOEs) is constrained by the state-imposed credit plan for working capital. Our analysis indicates the weaknesses of credit control and nominal interest rate variation as tools for influencing the price level; but the hardening of SOEs' budget constraints is found to be an effective device. The existence of credit and currency controls tendsto make devaluation contractionary. Furthermore, because of general equilibrium repercussions, policies that boost industrial exports tend to reduce welfare in the agricultural sector, where poverty is concentrated.

ASDD Area Sistemi Dipartimentali e Documentali, Università di Bologna, Catalogo delle riviste ed altri periodici
Documento generato il 26/01/21 alle ore 04:13:53