Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Business and Policy Studies
Series Vol. 14 , 13 September 2023
Open
Access | Article
The Impact of Fed Monetary Policy on the Chinese Economy
* Author to whom correspondence should be addressed.
Abstract
In order to cope with persistently high inflation since the COVID-19 pandemic, the Federal Reserve has adopted a continuous monetary tightening policy, raising the federal benchmark interest rate three times in a row. Meanwhile, as the United States is a big importer, its monetary policy is bound to affect many countries. Therefore, this article will from the interest rate, import, and export, etc., to analyze the influence on China; the final purpose is how to make it clear that the federal reserve's monetary policy impact China to take appropriate measures to avoid some adverse effect, give full play to the government regulation function, before the crisis timely regulation and economical price, can avoid significant economic losses.
Keywords
component, federal reserve, monetary policy, China
References
1. Board of Governors of the Federal Reserve System. (n.d.). Speech by Chair Powell on monetary policy and price stability. [online] Available at: https://www.federalreserve.gov/newsevents/speech/powell20220826a.htm.
2. Wang, Lu. “The Impact of the Federal Reserve’s Monetary Policy Shift and Emerging Markets’ Response.” Financial Times, 8 Aug. 2022.
3. Zhu, Xinle. The Transmission Mechanism of the U.S.Monetary Policy on Chinese Economy. 10 Dec. 2014, pp. 1–132.
4. R, P. and Liu, B. (2012). The return of depression economics / Xiao tiao jing ji xue de hui gui = The return of depression economics. ,Beijing: Zhong Xin Chu Ban She.
5. The Fed Raises Rates By Another 75 Basis Points: How That Can Affect Your Money. (2022). Forbes. [online] 29 Jul. Available at: https://www.forbes.com/advisor/investing/another-75-point-fed-rate-increase/.
6. Seatrade Maritime. (2022). Congestion shifts to US East Coast ports. [online] Available at: https://www.seatrade-maritime.com/ports/congestion-shifts-us-east-coast-ports [Accessed 6 Sep. 2022].
7. Stats.gov.cn. (2022). National Bureau of Statistics intelligent cloud search. [online] Available at: http://www.stats.gov.cn/search/s?tab=all&siteCode=bm36000002&qt=GDP.
8. Stats.gov.cn. (2022). State Statistics Bureau. [online] Available at: http://www.stats.gov.cn/xxgk/jd/sjjd2020/202204/t20220419_1829869.html [Accessed 7 Sep. 2022].
9. www.stats.gov.cn. (n.d.). State Statistics Bureau. [online] Available at: http://www.stats.gov.cn/xxgk/jd/sjjd2020/202207/t20220715_1886529.html [Accessed 7 Sep. 2022].
10. www.stats.gov.cn. (n.d.). National Bureau of Statistics intelligent cloud search. [online] Available at: http://www.stats.gov.cn/search/s?qt=CPI [Accessed 7 Sep. 2022].
11. www.ndrc.gov.cn. (n.d.). China's imports and exports to the US from January to June 2022-National Development and Reform Commission. [online] Available at: https://www.ndrc.gov.cn/fgsj/tjsj/jjmy/dwjmjztfx/202206/t20220624_1331528.html?code=&state=123.
12. www.bea.gov. (n.d.) Gross Domestic Product (Second Estimate) and Corporate Profits (Preliminary), Second Quarter 2022 | U.S. Bureau of Economic Analysis (BEA). [online] Available at: https://www.bea.gov/news/2022/gross-domestic-product-second-estimate-and-corporate-profits-preliminary-second-quarter.J. Clerk Maxwell, A Treatise on Electricity and Magnetism, 3rd ed., vol. 2. Oxford: Clarendon, 1892, pp.68–73.
Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. Authors who publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See Open Access Instruction).
- Volume Title
- Proceedings of the 2nd International Conference on Business and Policy Studies
- ISBN (Print)
- 978-1-915371-71-3
- ISBN (Online)
- 978-1-915371-72-0
- Published Date
- 13 September 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/14/20230798
- Copyright
- 13 September 2023
- 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