Inflation and relative price variability in China: theory and evidence.

Yuan, Jiang.Thesis (M.Phil.)--Chinese University of Hong Kong, 2009.Includes bibliographical references (leaves 48-51).Abstract also in Chinese.Chapter Chapter 1 --- Introduction --- p.1Chapter Chapter 2 --- Literature Review --- p.5Chapter 2.1 --- Theoretical Literature --- p.5Chapter 2.1.1 --- Menu Cost Model --- p.5Chapter 2.1.2 --- Signal Extraction Model --- p.6Chapter 2.1.3 --- Monetary Search Model --- p.7Chapter 2.2 --- Empirical Literature --- p.8Chapter Chapter 3 --- Inflation and Relative Price Variability in a Transitional Economy Evidence from China --- p.10Chapter 3.1 --- Data and Variables --- p.10Chapter 3.2 --- Inflation Decomposition --- p.19Chapter 3.3 --- Empirical Evidence --- p.14Chapter 3.3.1 --- Inflation and RPV --- p.14Chapter 3.3.2 --- Robustness --- p.18Chapter 3.4 --- Conclusion --- p.20Chapter Chapter 4 --- Inflationary Regimes and Relative Prices --- p.22Chapter 4.1 --- Introduction --- p.22Chapter 4.2 --- The Change of Inflationary Regimes in China: 1978-2008 --- p.23Chapter 4.3 --- Inflationary Regimes and Relative Price --- p.25Chapter 4.3.1 --- Preliminary Evidence --- p.25Chapter 4.3.2 --- Empirical Evidence --- p.27Chapter 4.4 --- Structure Change --- p.32Chapter 4.4.1 --- Endogenous Breakpoint Test --- p.32Chapter 4.4.2 --- Test Results on the Changing Role of Expected Inflation --- p.33Chapter 4.5 --- Conclusion --- p.35Chapter Chapter 5 --- Institutional Cost and Relative Price Variability --- p.36Chapter 5.1 --- Introduction --- p.36Chapter 5.2 --- "Institutional Cost, Price Adjustment, and Relative Price Variability in China" --- p.38Chapter 5.2.1 --- Background --- p.38Chapter 5.2.2 --- Institutional cost --- p.39Chapter 5.2.3 --- The relationship between institutional cost and relative price variability --- p.42Chapter 5.3 --- The Empirical Evidence --- p.43Chapter 5.4 --- Conclusion --- p.45Chapter Chapter 6 --- Conclusion and Implications --- p.46Reference --- p.4