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We present a microeconometric study of the impact of financial constraints on investment decisions of 755 quoted and unquoted West German firms over the period 1989 to 1994. The underlying theoretical model is based upon rational expectations and convex adjustment costs. The panel data estimates...
Persistent link: https://www.econbiz.de/10005572072
On 21 July 2005 China adopted an undisclosed basket exchange rate regime. We formally assess and envisage the gradual …
Persistent link: https://www.econbiz.de/10010264340
The People's Bank of China (PBoC) has taken numerous measures to cushion the impacts of the COVID-19 health crisis on … pricing signals, we employ a dynamic-factor modeling approach to derive an indicator of China's monetary policy stance. Our …
Persistent link: https://www.econbiz.de/10012614234
In light of the recent tit-for-tat trade dispute between China and the US, interest in quantifying the effects of the … China and the US, trade diversion effects are also analyzed. The model-based analysis finds noticeable positive (negative …) impacts of the agreement for the US (China) as well as negative spillover effects for countries not directly affected by the …
Persistent link: https://www.econbiz.de/10012815318
restrictions, while China's could be strengthened. …
Persistent link: https://www.econbiz.de/10013454151
Given that the value of China s currency has been hot topic recently, this paper explores the equilibrium levels of … China s real and nominal exchange rates.Employing a Johansen cointegration framework, we focus on the behavioral equilibrium …
Persistent link: https://www.econbiz.de/10012148475
costs.In this paper we examine the empirical relevance of the NKPC for mainland China.The empirical results indicate that an … provides useful insights into the nature of inflation dynamics in mainland China as well as useful insights for the conduct of …
Persistent link: https://www.econbiz.de/10012148489
We present a new composite leading indicator of economic activity in mainland China, estimated using a dynamic factor …
Persistent link: https://www.econbiz.de/10012148509