To understand Chinese monetary policy, we estimate a forward-looking Taylor-type monetary policy reaction function. The …

Models on the optimal design of monetary policy typically rely on a social welfare loss function defined over inflation …

There is a growing body of literature examining the effectiveness of the monetary policy on the macro-economy in … shifted to examine the role of uncertainty in economic activity and on the monetary policy effectiveness. Both theoretical and … empirical studies suggest that uncertainty does influence monetary policy effectiveness. However, until now, empirical studies …

monetary policy …

This paper examines the daily responses of market interest rates to three monetary policy announcements in China using … the monetary policy stance. These findings are robust to alternative econometric methods that correct for potential bias …