01715cas a2200241 a 4500 AALejournalIMF002705 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451954210 1018-5941 BD-DhAAL BD-DhAAL Khor, Hoe. China : Macroeconomic Cycles in the 1980's / Hoe Khor. Washington, D.C. : International Monetary Fund, 1991. 1 online resource (39 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper explores the links between reforms, macroeconomic management and the occurrence of macroeconomic instability in China during the last decade, drawing upon previous analytical work and also employing the 'Granger causality' test. It is concluded that the cycles did not originate with the reforms; rather their characteristics were modified by structural changes in the economy. It is further argued that the incompleteness of reforms (which renders macroeconomic management difficult) had the effect of exacerbating the cycles by increasing their amplitude and frequency. Finally, results from the Granger tests suggest that broad money would be a good intermediate target for monetary policy. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1991/085 Full text available on IMF http://elibrary.imf.org/view/journals/001/1991/085/001.1991.issue-085-en.xml IMF e-Library