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Details for article 9 of 12 found articles
| Title: |
Oil price shocks and policy responses in the post-reform Chinese economy |
| Author: |
Peng, Zhaoyang Martin, Will |
| Appeared in: |
The journal of development studies |
| Paging: | Volume 31 (1994) nr. 1 pages 179-200 |
| Year: |
1994-10 |
| Contents: |
This study analyses the impact of the 1986 oil price shock on China and the policy options for accommodating the shock. A computable general equilibrium model is used to capture the complex interactions in the Chinese economy in response to the shock. Interpreted in the theoretical framework of the 'Booming Sector' model, the results of the model provide insights on both the real and monetary effects of the shock, and suggest that a combination of policy instruments such as a cut in real absorption, depreciation of the official exchange rate and tight monetary control are required to facilitate adjustment. |
| Publisher: |
Routledge |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 9 of 12 found articles
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