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The Nexus of Monetary Policy and Shadow Banking in China
Chen, Kaiji - 2017
We estimate the quantity-based monetary policy system in China. We argue that China's rising shadow banking was …
Persistent link: https://www.econbiz.de/10012956932
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Macroeconomic Effects of China'S Financial Policies
Chen, Kaiji - 2018
analysis. The stylized facts differ qualitatively across different phases or economies. We argue that the impacts of China …
Persistent link: https://www.econbiz.de/10012908470
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Impacts of Monetary Stimulus on Credit Allocation and the Macroeconomy : Evidence from China
Chen, Kaiji - 2016
We develop a new empirical framework to identify and estimate the effects of monetary stimulus on the real economy. The framework is applied to the Chinese economy when monetary policy in normal times was switched to an extraordinarily expansionary regime to combat the impact of the 2008...
Persistent link: https://www.econbiz.de/10012982935
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China's Industrial Policy : An Empirical Evaluation
Barwick, Panle Jia; Kalouptsidi, Myrto; Zahur, Nahim - 2022
evaluate its welfare consequences. This paper examines an important industrial policy in China in the 2000s, aiming to propel … model of firm entry, exit, investment, and production, we find that the scale of the policy was massive and boosted China …
Persistent link: https://www.econbiz.de/10013324653