allocation. We develop a two-stage estimation approach and apply it to China's loan-level data that covers all sectors in the …

This paper studies the wealth channel in China. Using the structural vector autoregression method, we find that a … loosening of China's monetary policy indeed leads to higher asset prices, which in turn are linked to household consumption …. However, the importance of the wealth channel as a part of the monetary policy transmission mechanism in China is still …

This paper studies the wealth channel in China. Using the structural vector autoregression method, we find that a … loosening of China's monetary policy indeed leads to higher asset prices, which in turn are linked to household consumption …. However, the importance of the wealth channel as a part of the monetary policy transmission mechanism in China is still …

This paper studies the wealth channel in China. Using the structural vector autoregression method, we find that a … loosening of China's monetary policy indeed leads to higher asset prices, which in turn are linked to household consumption …. However, the importance of the wealth channel as a part of the monetary policy transmission mechanism in China is still …

This paper studies the wealth channel in China. Although the wealth channel has been found to be functioning in many … advanced countries, its existence is yet to be explored in most emerging economies, also in China. In order to illuminate … findings support the view that a loosening of China's monetary policy does indeed lead to higher asset prices. Furthermore, a …

monetary policy is found to be broadly comparable for China, the US, the Eurozone, and Japan. Identifying a role for the … significant role and their impact is strongest for China and weakest for Japan. China's impact is significant with the Eurozone …

response to Chinese expansionary monetary policy shocks, exports from East Asian countries to China decrease and imports into … East Asian countries from China increase, via the expenditure switching effect. Second, final goods exports from East Asian … countries to China increase through the income absorption effect. Third, and most interestingly, intermediate goods exports from …

We study the transmission of conventional monetary policy in China, focusing on the interaction between monetary and …

This study examines the provincial effects of monetary policy from 1978 to 2011 in China. We used the SVAR method to … on monetary policy, the results show that the interest rate channel is rather weak at the regional level in China. The … bank lending channel can explain the regional effects of monetary policy to some extent. Thus in China, the bank lending …