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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 …
Persistent link: https://www.econbiz.de/10004999560
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 …
Persistent link: https://www.econbiz.de/10013159808
To measure the global spillovers of a Chinese slowdown on the long-term nominal interest rates in the US/Germany, I model the US/German nominal term structure jointly in the post financial crisis (FC) sample, including the Chinese leading indicator as a new factor. I use an affine term structure...
Persistent link: https://www.econbiz.de/10012913804
I study spillovers of US monetary policy to the rest of the world, as well as spillbacks to the US economy in an empirical multi-country model over time. Within the multilateral framework, I distinguish the bilateral effect from the network effects that arise from interactions among recipient...
Persistent link: https://www.econbiz.de/10014256990
From 2000 to 2015 there was a large increase in U.S. dollar debt issues by Chinese firms. Financial policy makers have been concerned about potentially serious negative consequences from this rapid growth in foreign currency corporate debt. We first observe that the average growth rate of these...
Persistent link: https://www.econbiz.de/10012981996
. Using transaction-level data, we document (i) a "China shock" in the U.S. housing market characterized by surging foreign …
Persistent link: https://www.econbiz.de/10013244290
Amid the current U.S.-China technological race, the U.S. has imposed export controls to deny China access to strategic …
Persistent link: https://www.econbiz.de/10014519057
China's major imbalances include trade and capital account surpluses and a large annual build-up of international … reserves. China has a capital account surplus reinforcing the accumulation of foreign exchange reserves, mainly U.S. dollar … large extent, China's surplus and for its dependence on large capital inflows including from China. There is political …
Persistent link: https://www.econbiz.de/10014212658
Persistent link: https://www.econbiz.de/10014213182