tag:blogger.com,1999:blog-6638187113544241481.post6352559231366718498..comments2024-02-27T01:53:25.186-05:00Comments on Synthenomics: China's Growth: A Look Inland - Data SupplementYichuan Wanghttp://www.blogger.com/profile/15398092824604478764noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6638187113544241481.post-48306337101265608392013-08-21T09:07:34.898-04:002013-08-21T09:07:34.898-04:00I am surprised how quickly Westerners forget about...I am surprised how quickly Westerners forget about monetary policy when discussing China's economy. <br /><br />The PBoC has generally been growth-oriented, willing to see inflation in the 4 percent range. Lately, the PBoC has been tightening---I worry the PBoC is getting central banker-itis. That is. they start the pious pontificating about inflation.<br /><br />Japan showed what a central banker can do to what was once the world's most robust major economy. Starting in 1992, the BoJ wrecked Japan. <br /><br />Will the PBoC succumb to the usual central banker's squeamish aversion to prosperity?<br /><br />This may be more important that the geography and demographics people talk about. <br /><br />Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6638187113544241481.post-63545828939667075312013-08-08T09:59:17.584-04:002013-08-08T09:59:17.584-04:00You might be interested in recent work by Trever T...You might be interested in recent work by Trever Tombe and Loren Brandt and Xiaodong Zhu on misallocation between provinces.<br /><br />I think it is wrong to think of provinces as countries, though. The big difference between Guangdong and Mexico is that people from Guangdong can move to Shenzhen, while people from Mexico can't (legally) move to LA.veryshuaihttps://www.blogger.com/profile/08080945508481058665noreply@blogger.com