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Money demand elasticity, effective money supply and money market disequilibrium: “China’s Puzzle” and long-term excessive liquidity

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  • Zhiguo Li

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  • Zhiguo Li, 2008. "Money demand elasticity, effective money supply and money market disequilibrium: “China’s Puzzle” and long-term excessive liquidity," Psychometrika, Springer;The Psychometric Society, vol. 3(2), pages 209-222, June.
    • Handle: RePEc:spr:psycho:v:3:y:2008:i:2:p:209-222
    DOI: 10.1007/s11459-008-0009-5
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    Keywords

    excessive liquidity; money demand elasticity; efficient money supply; disequilibrium model; E41; E51; E52; 流动性过剩; 货币需求弹性; 有效货币供给; 非均衡模型;
    All these keywords.

    JEL classification:

    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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