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220928 ||| eng |
| 020 |
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|a 9798400206757
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| 100 |
1 |
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|a Das, Sonali
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| 245 |
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|a Monetary Policy Transmission and Policy Coordination in China
|c Sonali Das, Wenting Song
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2022
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| 300 |
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|a 40 pages
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| 653 |
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|a Economic & financial crises & disasters
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| 653 |
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|a Interest rates
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| 653 |
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|a Economics
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| 653 |
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|a Finance
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| 653 |
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|a Monetary economics
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| 653 |
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|a Financial services
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| 653 |
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|a Policy Designs and Consistency
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| 653 |
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|a Economics: General
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| 653 |
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|a Fiscal Policy
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| 653 |
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|a Informal sector
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| 653 |
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|a Fiscal policy
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| 653 |
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|a Yield curve
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| 653 |
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|a Deposit rates
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| 653 |
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|a Monetary policy instruments
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| 653 |
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|a Economics of specific sectors
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| 653 |
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|a Currency crises
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| 653 |
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|a Policy Objectives
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| 653 |
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|a Policy Coordination
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Monetary policy
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| 653 |
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|a Banking
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| 653 |
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|a Interest Rates: Determination, Term Structure, and Effects
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| 653 |
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|a Central Banks and Their Policies
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| 653 |
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|a Public Finance
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| 653 |
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|a Monetary Policy
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| 653 |
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|a Money and Monetary Policy
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| 653 |
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|a Central bank policy rate
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| 700 |
1 |
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|a Song, Wenting
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 856 |
4 |
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|u https://elibrary.imf.org/view/journals/001/2022/074/001.2022.issue-074-en.xml?cid=517443-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a We study the transmission of conventional monetary policy in China, focusing on the interaction between monetary and fiscal policy given the unique institutional set-up for macroeconomic policy making. Our results suggest some progress but also continued difficulties in the transmission of monetary policy. Similar to recent studies, we find evidence of monetary policy pass-through to interest rates. However, the impact of monetary policy measures that are not coordinated with fiscal policy is significantly weaker than that of coordinated measures. This suggests the need for further improvements to the interest-rate based framework
|