Determinants of deflation in Hong Kong SAR / / prepared by Papa N'Diaye

• Autore: Ndiaye Papa Moussa
• Pubblicazione: Washington, D.C., : International Monetary Fund, Asia and Pacific Dept., 2003
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (28 p.)
• Soggetto topico: Deflation (Finance) - China - Hong Kong - Econometric models; Business cycles
• Soggetto geografico: Hong Kong (China) Economic conditions Econometric models; Hong Kong (China) Economic policy Econometric models
• Note generali: Cover title.; "December 2003"--Caption.
• Nota di bibliografia: Includes bibliographical references (p. 27).
• Nota di contenuto: ""Contents""; ""I. OVERVIEW""; ""II. THE FRAMEWORK""; ""III. RESULTS""; ""IV. INTERPRETING THE RESULTS""; ""V. CONCLUSION""; ""APPENDIX""; ""References""
• Sommario/riassunto: This paper presents a comprehensive econometric analysis of the determinants of deflation in Hong Kong SAR. The analysis helps to determine the relative contributions of factors such as increased productivity, scarce money supply, and excess capacity in determining deflation. The main conclusion is that the effects of permanent shocks, such as productivity shocks and shocks related to changes in the money supply and price convergence with trading partners, have become more important in explaining deflation. In addition, the effects of temporary shifts in aggregate demand have been perpetuated by negative wealth and balance-sheet effects in the corporate and household sectors arising from asset-price declines over the past five years.
• Titolo autorizzato: Determinants of deflation in Hong Kong SAR
• ISBN: 1-4623-2341-3; 1-4527-0966-1; 1-283-56982-5; 1-4519-2051-2; 9786613882271
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910814899503321
• Lo trovi qui: Univ. Federico II
• Serie: IMF working paper ; ; WP/03/250.