Chen, Zhenzhu; Li, Li; Yu, Changhua - In: China economic quarterly international : CEQI 3 (2023) 1, pp. 46-59
This paper identifies exogenous monetary policy shocks based on the high frequency transaction data of China's interest … ratio and the 7-day repo rate (R007) affect China's nonfinancial sectors and financial markets through the credit channel … exists a signaling channel of monetary policy in China. The transmission and the signaling channel of China's monetary policy …