Macroeconomic implications for Hong Kong SAR of accommodative U.S. monetary policy

Macroeconomic implications for Hong Kong SAR of accommodative U.S. monetary policy / prepared by Papa N'Diaye.

This paper discusses the potential macroeconomic implications for Hong Kong SAR of accommodative monetary policy in the United States. It shows, through model simulations, that a resumption of the credit channel in Hong Kong SAR has the potential to create inflation in both goods and asset markets....

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Bibliographic Details
Main Author: N'Diaye, Papa M'B. P. (Papa M'Bagnick Paté) (Author)
Corporate Author: International Monetary Fund. Asia and Pacific Department
Format: eBook
Language:English
Published: [Washington, D.C.] : International Monetary Fund, ©2009.
Series:IMF working paper ; WP/09/256.
Subjects:
Economic history
International economic relations
Hong Kong (China) > Economic conditions > Econometric models.
United States > Foreign economic relations > China > Hong Kong.
Hong Kong (China) > Foreign economic relations > United States.
China > Hong Kong
United States
Online Access:Click for online access
Table of Contents:
  • Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Implications for Hong Kong SAR of U.S. Monetary Policy; A. The Fed's Unconventional Monetary Policy Actions; B. Impact on Hong Kong SAR; III. A Simulation of Hong Kong SAR Asset and Goods Markets When Confronted by an Accommodative U.S. Monetary Stance; A. Model Overview; B. Model Simulations; IV. Conclusions; References; Footnotes.

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