Research Discussion Paper – RDP 2019-11 China's Evolving Monetary Policy Framework in International Context
Bradley Jones and Joel Bowman
December 2019
Contents
- Introduction
- The Institutional Design Framework for Monetary Policy
- The PBC's Objectives and Operational Framework
- Communication
- Monetary Policy Transmission
- Conclusion
- References
The authors are grateful for comments from seminar participants at the Reserve Bank of Australia and Bank of England, and for suggestions from John Simon, Ivan Roberts, Dan Rees, Ben Beckers, Eden Hatzvi, Claire Houssard, Michelle Lewis and several external reviewers. The views expressed in this paper are our own and do not necessarily reflect the views of the Reserve Bank of Australia. Any errors are our own.