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

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Bibliographic Details
Author / Creator:N'Diaye, Papa M'B. P. (Papa M'Bagnick Paté)
Imprint:[Washington, D.C.] : International Monetary Fund, 2009.
Description:1 online resource (30 p.).
Language:English
Series:IMF working paper ; WP/09/256
IMF working paper ; WP/09/256.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/13518562
Hidden Bibliographic Details
Other authors / contributors:International Monetary Fund.
ISBN:1462331548
9781462331543
9786612844508
6612844507
1452733910
9781452733913
1451874022
9781451874020
1282844504
9781282844506
Notes:Description based upon print version of record.
Includes bibliographical references.
English.
Summary: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. Expansionary financial conditions will likely have a greater impact in fueling asset price inflation, manifested in the model through a strong increase in equity prices. Higher asset prices could, in turn, through a financial accelerator mechanism, lead to further credit expansion and an upward cycl.
Other form:1-4519-1817-8

MARC

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100 1 |a N'Diaye, Papa M'B. P.  |q (Papa M'Bagnick Paté) 
245 1 0 |a Macroeconomic implications for Hong Kong SAR of accommodative U.S. monetary policy :  |b Papa N'Diaye. 
260 |a [Washington, D.C.] :  |b International Monetary Fund,  |c 2009. 
300 |a 1 online resource (30 p.). 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a IMF working paper ;  |v WP/09/256 
500 |a Description based upon print version of record. 
505 0 |a 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 
520 |a 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. Expansionary financial conditions will likely have a greater impact in fueling asset price inflation, manifested in the model through a strong increase in equity prices. Higher asset prices could, in turn, through a financial accelerator mechanism, lead to further credit expansion and an upward cycl. 
546 |a English. 
504 |a Includes bibliographical references. 
650 0 |a Monetary policy  |z United States. 
650 0 |a Economics  |z China  |z Hong Kong. 
650 7 |a Economics.  |2 fast  |0 (OCoLC)fst00902116 
650 7 |a Monetary policy.  |2 fast  |0 (OCoLC)fst01025230 
651 7 |a China  |z Hong Kong.  |2 fast  |0 (OCoLC)fst01260796 
651 7 |a United States.  |2 fast  |0 (OCoLC)fst01204155 
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710 2 |a International Monetary Fund. 
776 |z 1-4519-1817-8 
830 0 |a IMF working paper ;  |v WP/09/256. 
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