Measurement of the Effects of Monetary Policy: Quantitative Evaluation of the Effects of Monetary Policy in China

Author: Xu Longbing
Publisher:
Publish Date: 2001-12-01
Features: The measurement of the effectiveness of monetary policy is currently a cutting-edge topic in monetary policy research. Scientifically measuring the effectiveness of monetary policy is not only related to evaluating whether past monetary policies were appropriate but also to whether current and future policy choices can be made correctly. Based on digesting and absorbing research findings on the evaluation of monetary policy effectiveness from abroad, this book applies the latest econometric methods to Chinese practice and proposes some new research questions based on China's experience in implementing monetary policy. It uses empirical research methods such as VAR, VECM, and impulse response functions to analyze the quantitative effects of China's monetary policy, providing a relatively comprehensive quantitative evaluation of its effectiveness, with the aim of offering references for policy formulation and assessment.