China's inflationary pressures and their impact on inflation in euro area

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dc.contributor Bank of Finland
dc.contributor Suomen Pankki
dc.contributor.author Kaaresvirta, Juuso
dc.contributor.author Koivu, Tuuli
dc.date.accessioned 2014-10-17T06:49:26Z
dc.date.available 2014-10-17T06:49:26Z
dc.date.issued 2008
dc.identifier.issn 1456-811X
dc.identifier.uri https://helda.helsinki.fi/bof/handle/123456789/12597
dc.description.abstract China was able to combine slow inflation with very rapid economic growth for more than a decade. Finally, in 2007 inflation started to accelerate and there are a number of factors that may increase the pressure on China's price level in the near future. Most importantly, money supply growth is expected to remain rapid due to the ballooning foreign currency inflows. In addition, according to some estimates, economic growth has accelereated above its long-term potential and also a number of structural factors are likely to push production costs up. Counterbalancing part of the rising costs, productivity growth has somewhat accelerated during recent years. With low cost levels and fastly growing exports, China is believed to have exported deflation into its trading partners in recent years. However, due to the fact that the direct impacts of globalisation on inflation in the advanced economies have been moderate, also the effect of a possible rise in China's cost leve! l on inflation in eg euro area is expected to remain small. However, the indirect impacts on price dynamics are much more difficult to forecast. Keywords: China, inflation, monetary policy
dc.format.extent 28 s.
dc.language.iso eng
dc.relation.ispartofseries Bank of Finland. Institute for Economies in Transition. BOFIT Online
dc.subject Kiina
dc.subject inflaatio
dc.subject euroalue
dc.subject kustannukset
dc.subject hinnat
dc.subject tuottavuus
dc.subject rahan määrä
dc.subject rahapolitiikka
dc.subject SP
dc.subject RP
dc.subject RP ST
dc.subject Bofit-kokoelma
dc.title China's inflationary pressures and their impact on inflation in euro area
dc.type Sarjajulkaisu
dc.identifier.urn URN:NBN:fi:bof-2014080826
dc.series.name BOFIT Online
dc.series.year 2008
dc.series.number 2008/1
dc.series.sortingnumber 0001
dc.date.publication 17.1.2008
dc.contributor.orgunit Institute for Economies in Transition (BOFIT)
dc.contributor.orgunit Siirtymätalouksien tutkimuslaitos (BOFIT)

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