Funke, Michael; Mihaylovski, Petar; Zhu, Haibin - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2015
The paper sheds light on the interplay between monetary policy, the commercial banking sector and the shadow banking sector in mainland China by means of a nonlinear stochastic general equilibrium (DSGE) model with occasionally binding constraints. In particular, we analyze the impacts of...
