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The internal conflict of the intermediate target selection of China's monetary policy and the countermeasures
By Zhang Junwei
Date: 2002/09/18
Abstract:
The paper briefly reviews the evolution process of the monetary policy intermediate target theory and practice, gives a description of the basic contents and features of "pegging inflation" monetary policy, analyzes the difficulties when China uses the amount of money as an intermediate target of monetary policy, and comes up with policy proposals for further improving the operation of China's monetary policy.
