Showing 71 - 80 of 132,549
Persistent link: https://www.econbiz.de/10013349255
data from 1992:01 to 2017:06 using structural vector auto-regression (SVAR). The variables of the SVAR model are global … crude oil production, index of global economic activity, China's real GDP and real price of crude oil. Due to a break in the …
Persistent link: https://www.econbiz.de/10014481185
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
China's fast growth is perceived as a major determinant of its savings glut that contributes to global imbalances, but … China's income inequality has been largely overlooked as the economy moves rapidly toward the Kuznets curve peak. This paper … provides a new explanation for the complex issue of Chinese saving using a structural vector autoregressive (SVAR) model. We …
Persistent link: https://www.econbiz.de/10010738018
This paper explores the degree of price and exchange rate interdependence between China and the G3 (US, Japan and the … China's bilateral exchange rate with each of these major trading partners (the US, Japan and the Euro Area). Our results … indicate that reduced import prices from China are the channel through which aggregate domestic prices in the G3 remain …
Persistent link: https://www.econbiz.de/10010576520
Hochschulen leisten als Produzenten von Humankapital einen wesentlichen Beitrag zur Bildung, Erhaltung und Steigerung des gesamtwirtschaftlichen Humankapitalbestandes. Vor diesem Hintergrund wird eine Abschätzung des Umfanges und der Entwicklung der hochschulbezogenen Humankapitalbestände in...
Persistent link: https://www.econbiz.de/10010291723
Recent research has found that the dynamic properties of the New Keynesian model can be very different when the nominal interest rate is zero. Improvements in technology and reductions in the labor tax rate lower economic activity, and the size of the government purchase output multiplier can be...
Persistent link: https://www.econbiz.de/10010292223
The United Kingdom employed the McKenna rule to conduct fiscal policy during World War I (WWI) and the interwar period. Named for Reginald McKenna, Chancellor of the Exchequer (1915–16), the McKenna rule committed the United Kingdom to a path of debt retirement, which we show was...
Persistent link: https://www.econbiz.de/10010292227
This paper analyzes the connection between the asymmetric tax treatment of homeowners and landlords and the progressivity of income taxation using a quantitative overlapping generations general equilibrium model with housing and rental markets. Our model emphasizes the determinants of tenure...
Persistent link: https://www.econbiz.de/10010292296