The Study of American Quantitative Easing Monetary Policy's Spillover Effects on China's Inflation

DOI

10.2991/icetms.2013.288How to use a DOI?

Keywords

Quantitative Easing Monetary Policy; Inflation; Transmission Channels; Cointegration test

Abstract

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 China’s 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 China's 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.

Copyright

© 2013, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Liping Zhu
AU  - Xubiao Yang
PY  - 2013/06
DA  - 2013/06
TI  - The Study of American Quantitative Easing Monetary Policy's Spillover Effects on China's Inflation
BT  - Proceedings of the 2013 Conference on Education Technology and Management Science (ICETMS 2013)
PB  - Atlantis Press
SP  - 1062
EP  - 1065
SN  - 1951-6851
UR  - https://doi.org/10.2991/icetms.2013.288
DO  - 10.2991/icetms.2013.288
ID  - Zhu2013/06
ER  -