Advances in Economics, Management and Political Sciences

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Proceedings of the 7th International Conference on Economic Management and Green Development

Series Vol. 40 , 10 November 2023


Open Access | Article

Comparative Analysis of the Monetary Policy Practices: A Case Study of China and the United States

Yonghao Liu * 1
1 University of Aberdeen

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 40, 28-33
Published 10 November 2023. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Yonghao Liu. Comparative Analysis of the Monetary Policy Practices: A Case Study of China and the United States. AEMPS (2023) Vol. 40: 28-33. DOI: 10.54254/2754-1169/40/20231984.

Abstract

Currency policy plays a crucial role in macroeconomic management and is of significant importance for the economic stability and development of countries and regions. Understanding and evaluating the choices and consequences of different countries' currency policy practices are essential. This paper aims to compare and analyze the currency policy practices of China and the United States, two important economic entities, and explore their core elements, policy objectives, and impact on economic stability and growth. China, as the world's second-largest economy, has implemented a series of unique monetary policy measures to address domestic and external challenges. The United States, as the largest economy in the world, has a long-standing tradition of stable monetary policy and faces challenges and responsibilities consistent with its economic status.

Keywords

currency policy, China, United States, comparative analysis, core elements, policy objectives, economic stability, inflation control, employment, economic growth

References

1. "Introduction to U.S. Economy: Monetary Policy ", crsreports.congress.gov, (Accessed 4 Jun. 2023).

2. "Monetary Policy in China - Cornell University", prasad.dyson.cornell.edu, (Accessed 4 Jun. 2023).

3. "China’s Monetary Policy: Institutional Setting, Tools and Challenges", link.springer.com, (Accessed 4 Jun. 2023).

4. "Federal Reserve Board - Monetary Policy", federalreserve.gov, (Accessed 5 Jun. 2023).

5. "Is China better at monetary policy than America? - The Economist", economist.com, (Accessed 4 Jun. 2023).

6. "The non-linear impact of monetary policy on international reserves ...", link.springer.com, (Accessed 4 Jun. 2023).

Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 7th International Conference on Economic Management and Green Development
ISBN (Print)
978-1-83558-101-8
ISBN (Online)
978-1-83558-102-5
Published Date
10 November 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/40/20231984
Copyright
© 2023 The Author(s)
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated