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Prices and monetary policy in emerging markets: a FAVAR approach to disaggregated Chinese and Indian data.

Zhu, Tingting. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2009. / Includes bibliographical references (leaves 21-23). / Abstract also in Chinese. / Chapter Chapter 1 --- Introduction --- p.1 / Chapter Chapter 2 --- Literature Review and Background --- p.2 / Chapter 2.1 --- The literature on price stickiness --- p.2 / Chapter 2.2 --- The literature on monetary policy --- p.3 / Chapter Chapter 3 --- Model and Data --- p.4 / Chapter 3.1 --- The model --- p.4 / Chapter 3.2 --- Model estimation --- p.6 / Chapter 3.3 --- Data --- p.7 / Chapter Chapter 4 --- Price Fluctuations in Disaggregated Data --- p.7 / Chapter 4.1 --- Sources of fluctuations and persistence in price series --- p.8 / Chapter 4.1.1 --- China inflation volatility --- p.8 / Chapter 4.1.2 --- China inflation persistence --- p.10 / Chapter 4.1.3 --- India inflation volatility --- p.10 / Chapter 4.1.4 --- India inflation persistence --- p.11 / Chapter 4.2 --- Effects of macroeconomic and sector-specific shocks on price --- p.12 / Chapter 4.2.1 --- China sectoral price response to various shocks --- p.12 / Chapter 4.2.2 --- India sectoral price response to various shocks --- p.13 / Chapter 4.3 --- Urban and rural price responses to various shocks --- p.13 / Chapter Chapter 5 --- Effects of Monetary Policy Shocks --- p.15 / Chapter 5.1 --- Effects of monetary shocks in China --- p.15 / Chapter 5.2 --- Effects of monetary shocks in India --- p.17 / Chapter Chapter 6 --- Conclusion --- p.18 / Bibliography --- p.21 / Table 1: China volatility and persistence of monthly inflation series --- p.24 / Table 2: China cross-sectional correlations of various statistics --- p.25 / Table 3: India volatility and persistence of monthly inflation series --- p.26 / Table 4: India cross-sectional correlations of various statistics --- p.27 / Table 5: Response of price series to a monetary policy shock in China --- p.28 / Table 6: Response of price series to a monetary policy shock in India --- p.29 / Figure 1: China sectoral price responses to shocks (Base Rate as the monetary instrument)…… --- p.30 / Figure 2: China sectoral price responses to shocks (M2 as the monetary instrument) --- p.31 / Figure 3: India sectoral price responses to shocks (Bank Rate as the monetary instrument) --- p.32 / Figure 4: India sectoral price responses to shocks (M3 as the monetary instrument) --- p.33 / Figure 5: China urban and rural CPI responses to various shocks --- p.34 / Figure 6: India urban and rural CPI responses to various shocks --- p.35 / Figure 7: China impulse responses to an identified monetary shock (Base Rate) --- p.36 / Figure 8: China impulse responses to an identified monetary shock (M2) --- p.37 / Figure 9: China sectoral price responses to monetary shocks with long-run restriction (Base Rate) --- p.38 / Figure 10: China sectoral price responses to monetary shocks with long-run restriction (M2) --- p.39 / Figure 11: India impulse responses to an identified monetary shock (Bank Rate) --- p.40 / Figure 12: India impulse responses to an identified monetary shock (M3) --- p.41 / Figure 13: India sectoral price responses to monetary shocks with long-run restriction (Bank Rate) --- p.42 / Figure 14: India sectoral price responses to monetary shocks with long-run restriction (M3) --- p.43 / Appendix --- p.44

Identiferoai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_326827
Date January 2009
ContributorsZhu, Tingting., Chinese University of Hong Kong Graduate School. Division of Economics.
Source SetsThe Chinese University of Hong Kong
LanguageEnglish, Chinese
Detected LanguageEnglish
TypeText, bibliography
Formatprint, vi, 52 leaves : ill. ; 30 cm.
CoverageChina, India, China, India
RightsUse of this resource is governed by the terms and conditions of the Creative Commons “Attribution-NonCommercial-NoDerivatives 4.0 International” License (http://creativecommons.org/licenses/by-nc-nd/4.0/)

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