In this paper, we study the effect of monetary shocks on the Chinese stock market over the period of 2005 to 2011 with the MSVAR–EGARCH model. The evidence suggests that Chinese monetary policies have significantly asymmetric effects on the stock market in different time periods and market...

On the basis of local concavity assumptions, Exact Affine Stone Index implicit Marshallian demand system is adopted to analyze Engel Curves and price elasticity for Chinese urban household. Our results show that a demand system rank can be polynomials or splines of any order which support the...