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for mainland China. In a stochastic modelling framework, the riskiness, rate of increase and persistence of house price …
Persistent link: https://www.econbiz.de/10013123506
This paper accounts for China's economic growth since 1980 in a unified endogenous growth model in which a sequencing … of physical capital accumulation, human capital accumulation and innovation drives the rise in China's aggregate income … can generate a trajectory that accords well with the different stages of development in China …
Persistent link: https://www.econbiz.de/10013104873
This paper evaluates various financial system reform initiatives and proposals in China in a DSGE modelling setting …
Persistent link: https://www.econbiz.de/10013064901
The recent increase in Chinese house prices has led to concerns that China is vulnerable to asset price shocks. In this … disconnected from fundamentals. Thus, the evidence for speculative house price bubbles in China is in general weak …
Persistent link: https://www.econbiz.de/10013065067
Monetary policy in mainland China differs from conventional central banking in several respects. The central bank … captures China's unconventional monetary policy toolkit. We find that credit quotas are important as the interest-rate corridor … distorts the efficient reactions of the economy. Moreover, for China's central bankers the choice of a particular monetary …
Persistent link: https://www.econbiz.de/10013065817
With recovery from the global financial crisis in 2009 and 2010, inflation emerged as a major concern for many central banks in emerging Asia. We use data observed at mixed frequencies to estimate the movement of Chinese headline inflation within the framework of a state-space model, and then...
Persistent link: https://www.econbiz.de/10013066945
in China is not explained simply by factor input accumulation …
Persistent link: https://www.econbiz.de/10013156763
We present a new composite leading indicator of economic activity in mainland China, estimated using a dynamic factor …
Persistent link: https://www.econbiz.de/10012729576