This report is the output of a research project hosted by the Research Bureau of the People's Bank of China. 

It systematically studies the theoretical framework of China's future policy interest rate transmission mechanism, constructs the static and dynamic theoretical models, and puts forward more than a dozen reform suggestions for dredging the transmission mechanism, stabilizing the short-term interest rate, and cultivating the credible policy interest rate.

Authors: 马骏 MA Jun / 纪敏 JI Min

Publisher: China Finance Press
Publication Time: 2016-4
No. of Pages: 402
ISBN: 9787504984302