Zhang, Chengsi; Zhang, Butan; Lu, Zhe; Murasawa, Yasutomo - In: Emerging Markets Finance and Trade 49 (2013) S4, pp. 119-131
Using the Bayesian multivariate Beveridge-Nelson decomposition method, this paper estimates China's output gap based on a multivariate dynamic model featuring distinct interactions among real output, inflation, money, and the exchange rate in China during the period 1980-2010. The authors...
