Showing 1 - 10 of 9,979
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
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
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
The paper models monetary policy in China using a hybrid McCallum-Taylor empirical reaction function. The feedback rule … investigation finds that monetary policy in China has, on average, accommodated inflationary developments. But exchange rate shocks …
Persistent link: https://www.econbiz.de/10008466298
We study the effects of Chinese monetary policy shocks on China’s major trading partners in East Asia by estimating … structural vector autoregressive (SVAR) models for six economies in the region. We find that a monetary expansion in Mainland … China leads to an increase in real GDP (temporary) and the price level (permanent) in a number of economies in our sample …
Persistent link: https://www.econbiz.de/10005648604