Johansson, Anders C. - Stockholm China Economic Research Institute, … - 2009
monetary policy and output, we analyze U.S. monetary policy and its possible effects on real output in China. Our results … indicate that the main monetary instrument in the U.S., the Federal Fund Rate, Granger causes China’s output. A second monetary … variable, U.S. money supply, does not seem to have a significant effect on China’s output. The results are supported by …