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fluctuations, the study adopts the Structural Vector Autoregression (SVAR) with data covered from 1996 to 2013. The evidence for …
Persistent link: https://www.econbiz.de/10011111730
This paper provides an overview of the evolution of macroeconomic thought from 1936, the year John Maynard Keynes published his general theory of employment, interest and money to the year 2010. It explores the reasons for the extension of the business cycle during the postwar period. The paper...
Persistent link: https://www.econbiz.de/10009293018
This study documents the return and volatility spillover effect between the stock prices of Chinese new energy and fossil fuel companies using the asymmetric BEKK model. Based on daily samples taken from August 30, 2006 to September 11, 2012, the dynamics of new energy/fossil fuel stock...
Persistent link: https://www.econbiz.de/10010729337
This paper examines the fiscal and monetary policy options available to China as a sovereign currency-issuing nation … operating in a dollar standard world. We first summarize a number of issues facing China, including the possibility of slower … policy space open to China. …
Persistent link: https://www.econbiz.de/10010733748
This paper analyzes the causes and implications of recent financial crises. Financial crises in general lead to changes in both theory and practice of economics. The paper takes an historical overview. The global consensus of economic theory during the 20th century is discussed. The paper...
Persistent link: https://www.econbiz.de/10009145755
As a result of reforms and financial sector development, the People’s Bank of China (PBoC) now exerts significant …. Furthermore, interest rates are an important determinant of investment spending in China, via the user cost of capital, and … inflation objective as the nominal anchor. This paper relates to the 2010 OECD Economic Review of China (www.oecd.org/eco/surveys/china …
Persistent link: https://www.econbiz.de/10008764467
distributional effects. In Southwest China we are facing a rapid deforestation for the development of rubber cultivation and at the …
Persistent link: https://www.econbiz.de/10010982022
China, a low income country about the same geographic size as the US and with over four times the population, has had … times larger than it was 26 years earlier! China’s population is expected to continue to slow, reaching near zero in 30 … about 0.6 percent in recent years. China is likely to become the US’ third largest trading partner, supplying relatively …
Persistent link: https://www.econbiz.de/10005789866
China's fast growth is perceived as a major determinant of its savings glut that contributes to global imbalances, but … China's income inequality has been largely overlooked as the economy moves rapidly toward the Kuznets curve peak. This paper … provides a new explanation for the complex issue of Chinese saving using a structural vector autoregressive (SVAR) model. We …
Persistent link: https://www.econbiz.de/10010738018
This paper explores the degree of price and exchange rate interdependence between China and the G3 (US, Japan and the … China's bilateral exchange rate with each of these major trading partners (the US, Japan and the Euro Area). Our results … indicate that reduced import prices from China are the channel through which aggregate domestic prices in the G3 remain …
Persistent link: https://www.econbiz.de/10010576520