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This paper represents a first attempt to study China’s business cycles using a formal analytical framework, namely, a …
Persistent link: https://www.econbiz.de/10010284541
We introduce endogenous growth in an otherwise standard NK model with staggered prices and wages. Some results follow …: (i) monetary volatility negatively affects long-run growth; (ii) the relation between nominal volatility and growth … increases the negative effect of nominal volatility on mean growth. …
Persistent link: https://www.econbiz.de/10010343890
relationship between foreign idiosyncratic shocks and domestic economic growth between 1978 and 2000. Contemporaneous changes in … associated with a 0.05-0.26 pp increase in economic growth. Lastly, this can potentially explain the Great Moderation. …
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stakeholders of the firm in a way that should foster further economic growth in China. -- International Financial Reporting … the new exposure to fluctuating rates of exchange, interest and inflation. China has recently adopted a version of the … Standards ; transparency ; economic growth ; macroeconomic impact ; globalization …
Persistent link: https://www.econbiz.de/10003757004
China) countries. The results reveal a strong impact of international variables on GDP growth. In contrast to the other … countries, China plays a crucial role in determining global trade and oil prices. Hence, the change in the Chinese growth …, the Chinese fiscal stimulus prevented a decline in GDP growth not only in that country, but also in resource …
Persistent link: https://www.econbiz.de/10011506456
China) countries. The results reveal a strong impact of international variables on GDP growth. In contrast to the other … countries, China plays a crucial role in determining global trade and oil prices. Hence, the change in the Chinese growth …, the Chinese fiscal stimulus prevented a decline in GDP growth not only in that country, but also in resource …
Persistent link: https://www.econbiz.de/10011506905
The integration of China into the global economy is one of the most spectacular events in economic history. This paper … investigates to what extent this process affects output growth and inflation in the advanced countries. A GVAR model is specified … to explore interdependencies between business cycles in China and industrial countries, including the US, the euro area …
Persistent link: https://www.econbiz.de/10009515006