Estimate the Generalized Taylor Rule in China

被引：0

作者：

Huang Hong-wu ^{[2
]}

Chen Li-feng ^{[1
]}

机构：

[1] Huazhong Univ Sci & Technol, Sch Econ, Wuhan 430074, Hubei, Peoples R China

[2] Guangdong Peizheng Coll, Dept Econ, Guangzhou 510830, Guangdong, Peoples R China

来源：

PSYCHOLOGY, MANAGEMENT AND SOCIAL SCIENCE | 2013年 / 17卷

关键词：

Inflation; Output Gap; Wage Inflation; Generalized Taylor Rule;

D O I：

暂无

中图分类号：

G40 [教育学];

学科分类号：

040101 ; 120403 ;

摘要：

The previous work focus on the relationship between inflation, output gap and nominal interest rate, and neglect the effect of labor market. This paper augmented the Taylor Rule by introduce the wage inflation into the model, and estimated the augmented Taylor Rule by using the data from the first quarter of 2002 to the third quarter of 2011. The result shows that the wage inflation has significant effect on nominal interest rate.

引用

页码：366 / +

页数：2

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