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Banking and the macroeconomy in China : a banking crisis deferred?
Le, Vo Phoung Mai; Matthews, Kent; Meenagh, David; … - In: Open economies review 25 (2014) 1, pp. 123-161
Persistent link: https://www.econbiz.de/10010371887
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Shadow banks, banking policies and China's macroeconomic fluctuations
Le, Vo Phuong Mai; Matthews, Kent; Meenagh, David; … - In: Journal of international money and finance 116 (2021), pp. 1-16
Persistent link: https://www.econbiz.de/10013206810
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UK monetary policy in an estimated DSGE model with state-dependent price and wage contracts
Chen, Haixia; Le, Vo Phuong Mai; Meenagh, David; … - 2023
into an open economy DSGE model to investigate the evidence of state-dependence in the UK economy's postwar behaviour. The …
Persistent link: https://www.econbiz.de/10014434524
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Does inattentiveness matter for DSGE modelling? : an empirical investigation
Chou, Jenyu; Easaw, Joshy Z.; Minford, Patrick - 2021
general equilibrium (DSGE) model in its usual form with full-information rational expectations and compare it with versions …
Persistent link: https://www.econbiz.de/10013177225
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Does inattentiveness matter for DSGE modeling? : an empirical investigation
Chou, Jenyu; Easaw, Joshy Z.; Minford, Patrick - In: Economic modelling 118 (2023), pp. 1-20
Persistent link: https://www.econbiz.de/10014229222
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Is housing collateral important to the business cycle? : evidence from China
Gai, Yue; Minford, Patrick; Ou, Zhirong - In: Journal of international money and finance 109 (2020), pp. 1-15
Persistent link: https://www.econbiz.de/10012403908
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China's financial crisis : the role of banks and monetary policy
Le, Vo Phuong Mai; Matthews, Kent; Meenagh, David; … - 2015
This paper develops a model of the Chinese economy using a DSGE framework that accommodates a banking sector and money … in the use of indirect inference to estimate and test the fitted model. We find that the main shocks that hit China in …
Persistent link: https://www.econbiz.de/10010465443
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Regulatory arbitrage, shadow banking and monetary policy in China
Le, Vo Phuong Mai; Matthews, Kent; Meenagh, David; … - In: Journal of international financial markets, … 80 (2022), pp. 1-13
Persistent link: https://www.econbiz.de/10013533167
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How should news shocks be specified under rational expectations?
Le, Vo Phuong Mai; Meenagh, David; Minford, Patrick - 2017
A number of studies have found that news shocks account for a large part of the aggregate fl uctuations of the main macroeconomic variables.We show that when taking rational expectations into consideration there is a limit on the size of the variance of the news shocks,which has not been...
Persistent link: https://www.econbiz.de/10011758913
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Evaluation and indirect inference estimation of inattentive features in a New Keynesian framework
Chou, Jenyu; Cao, Yifei; Minford, Patrick - 2022
We test the standard New Keynesian (NK) Dynamic Stochastic General Equilibrium (DSGE) model under the condition with …. Overall, our findings provide important implications on the modelling of expectation formation in the DSGE framework. …
Persistent link: https://www.econbiz.de/10013177227