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Is housing collateral important to the business cycle? Evidence from China parity

Gai, Yue; Minford, Patrick; Ou, Zhirong - 2020

This paper investigates whether housing collateral is important to the business cycle in China. We develop two models …

Persistent link: https://www.econbiz.de/10012876001

Banking and the macroeconomy in China: A banking crisis deferred?

Le, Vo Phuong Mai; Matthews, Kent; Meenagh, David; … - 2013

finds that the main shocks hitting China in the crisis were international and that domestic banking shocks were unimportant …

Persistent link: https://www.econbiz.de/10010397727

China's financial crisis - the role of banks and monetary policy

Le, Vo Phuong Mai; Matthews, Kent; Meenagh, David; … - 2015

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/10010504467

Financial system reforms and China's monetary policy framework: A DSGE-based assessment of initiatives and proposals

Funke, Michael; Paetz, Michael - 2012

This paper evaluates various financial system reform initiatives and proposals in China in a DSGE modelling setting …

Persistent link: https://www.econbiz.de/10012148685

The direction and intensity of China's monetary policy conduct: A dynamic factor modelling approach

Funke, Michael; Tsang, Andrew - 2019

The recent upgrade of the People's Bank of China's monetary policy framework establishes a corridor system of interest … employ a dynamic factor modelling approach to derive an indicator of China's monetary policy stance. The approach is based on …

Persistent link: https://www.econbiz.de/10012148847

Has fiscal expansion inflated house prices in China? Evidence from an estimated DSGE model

Liu, Chunping; Ou, Zhirong - 2019

A canonical DSGE model for housing, extended to embrace government spending and governmentinvestment, is estimated on Chinese data to evaluate the impact of Öscal policy on house prices. Govern-ment spending substitutes for housing; a rise in government spending lowers house prices, but its...

Persistent link: https://www.econbiz.de/10012429998