01947cas a2200313 a 4500 AALejournalIMF022670 230101c9999 xx r poo 0 0eng d 20.00 USD 9798400206757 1018-5941 BD-DhAAL BD-DhAAL Das, Sonali. Monetary Policy Transmission and Policy Coordination in China / Sonali Das, Wenting Song. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (40 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 We study the transmission of conventional monetary policy in China, focusing on the interaction between monetary and fiscal policy given the unique institutional set-up for macroeconomic policy making. Our results suggest some progress but also continued difficulties in the transmission of monetary policy. Similar to recent studies, we find evidence of monetary policy pass-through to interest rates. However, the impact of monetary policy measures that are not coordinated with fiscal policy is significantly weaker than that of coordinated measures. This suggests the need for further improvements to the interest-rate based framework. Mode of access: Internet Central Banks and Their Policies imf Monetary Policy imf Policy Coordination imf Policy Designs and Consistency imf Policy Objectives imf Song, Wenting. IMF Working Papers; Working Paper ; No. 2022/074 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2022&issue=074 IMF e-Library