The Study of American Quantitative Easing Monetary Policys Spillover Effects on Chinas Inflation
After the outbreak of the financial crisis in 2008, the United States began quantitative easing monetary policy, different from traditional policy, which has aroused many countries opposition and concerns.At the same time, China has experienced a sustained inflation.Whether is there some connection between QE and Chinas inflation? Whether has quantitative easing monetary policy caused a large scale of international market liquidity significantly? The paper analyzes the transmission channels of quantitative easing monetary policy to Chinas inflation, and takes cointegration test of economic variables by using data from November 2009 to August 2012.It finds that U.S.quantitative easing monetary policy induces China inflation through international commodity prices, international capital flowing and balance of payments.
Quantitative Easing Monetary Policy Inflation Transmission Channels Cointegration test
Liping Zhu Xubiao Yang
Air Transport college Shanghai University of Engineering Science Shanghai,China
国际会议
南京
英文
400-403
2013-06-08（万方平台首次上网日期，不代表论文的发表时间）