Dissertation > Excellent graduate degree dissertation topics show

People's Bank of China and the European Central Bank comparative analysis - central bank independence and inflation

Author: ShenSiZuo
Tutor: ZhaoYouZhen
School: Fudan University
Course: Business management
Keywords: Central bank independence Inflation Price stability Wage growth Income inequality
CLC: F832.31;F835
Type: Master's thesis
Year: 2011
Downloads: 493
Quote: 0
Read: Download Dissertation

Abstract


The negative link between central bank independence and inflation has been studied in the range of the industrialized countries for a long time. This paper empirically analyses the effect of central bank independence between the China and euro zone in the recent decade. Based on the statistical data available between China and the member countries in euro zone, the research reflects that despite a comparatively lower independence level of central bank in China, its effect leading to a higher inflation is not obvious. The higher volatility of Chinese inflation maybe only partly results from the lower independence degree in its central bank, but there are other possible causes existed. To better evaluate the intensity of the inflation, the research takes the variants like income growth per capita and rapid economic developing into consideration. Because of the reality that during this decade China has experienced remarkable income growth, and thus a sharp increase of earning of employees, so the pressure of inflation on average person is partly offset and, thus, not so severe. Besides, the Chinese inflation rate is at the lowest level among all the rapid developing economies, so that again it makes ground for people relieving from anxiety about the inflation.The paper also analyzes the issue of income distribution in China, and points out that the income inequality deserves more attention than the inflation problem because that will results in the pressure of inflation focusing on a specific group. In general, the paper holds a double-edge attitude to the central bank independence. In one aspect, the low degree of central bank independence is not the main cause of recent inflation in China, and it maybe only accounts for a little part of the inflation in recent decade. The paper presents some other possible factors which may arouse the price surge in China. In another aspect, the improvement of central bank independence is, in the long run, necessary for the sustainable development of Chinese economy, and hence, the paper introduces the determinants for central bank independence.

Related Dissertations

  1. The Statistical Inference for Count Data with Zero-inflation and Over-dispersion,C81
  2. China’s Financial Development, Financial Structure and Output Stability,F124;F224
  3. The Empirical Analysis of the Influence of International Commodity Prices on China Inflation,F224
  4. Analysis on the Tax Policies Regulation Under the Inflationary Circumstance in China,F812.42
  5. Research about Inflation of China,F224
  6. The Study on the Relation Between Foreign Exchange Reserves and Inflation in Our Country,F832.6;F822.5
  7. The Research of Improving Foam Property of Egg Liquid,TS253.1
  8. China's real estate price fluctuations and inflation correlation,F822.5;F224
  9. Research on the Impact of Commodity Trade on China’s Inflation,F822.0;F224
  10. An Analysis of the Causes of Recent Inflation in China,F822.5
  11. Monte Carlo Simulation Method for Pricing Inflation-Indexed Derivatives,F224
  12. A Study on the Institutional Characteristic Factor Affecting Monetary Policy Credibility,F224
  13. Impact of External Shock on Domestic Price,F224
  14. China’s Inflation Influence Factors and Management Research under the New Situation,F822.5
  15. The Study on How Foreign Trade and FDI Effect Income Inequality in China,F752
  16. Empirical Research on the Relationship between China’s Stock Price-earnings Ratio and Inflation Based on a VAR Model,F832.51;F822.5
  17. A Suitability Analysis for Taylor Rule in China,F224
  18. Research on the Influence of International Oil Price Fluctuations on Inflation in China,F822.5;F416.22
  19. Local government revenue and expenditure, fiscal decentralization and inflation,F822.5;F224
  20. Based on changes in the exchange rate loss function choice,F224
  21. Based on VAR Model of inflation on stock returns affect different sectors comparative analysis,F832.51

CLC: > Economic > Fiscal, monetary > Finance, banking
© 2012 www.DissertationTopic.Net  Mobile