The Research on the Decision-making Mechanism of China's Monetary Policy Regulation

摘要

The article adopts the quarterly data of the monetary and macroeconomics variables from 1978 ～ 1999, applies the asymmetrical information game analysis, the regression and cointegration errorcorrection model, to investigate on the decision-making mechanism of money supply and money regulation project. It suggests the regulation process which central bank controls with instruments of the monetary policy and the mode detail of its operation.