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An estimated DSGE model for business cycle analysis in China

Guo, Biao; Wang, Jianfeng; Wu, Jingfei - In: Frontiers of economics in China : selected publications … 8 (2013) 3, pp. 390-429

Persistent link: https://www.econbiz.de/10010192799

Is housing collateral important to the business cycle? : evidence from China

Gai, Yue; Minford, Patrick; Ou, Zhirong - In: Journal of international money and finance 109 (2020), pp. 1-15

Persistent link: https://www.econbiz.de/10012403908

The driving forces of China's business cycles : evidence from an estimated DSGE model with housing and banking

Ge, Xinyu; Li, Xiao-Lin; Li, Yong; Liu, Yan - In: China economic review : an international journal 72 (2022), pp. 1-23

Persistent link: https://www.econbiz.de/10013483845

Great recession, slow recovery and muted fiscal policies in the US

Albonico, Alice; Tirelli, Patrizio; Paccagnini, Alessia - 2016

This paper reconsiders the role of macroeconomic shocks and policies in determining the Great Recession and the subsequent recovery in the US. The Great Recession was mainly caused by a large demand shock and by the ZLB on the interest rate policy. In contrast with previous findings, the...

Persistent link: https://www.econbiz.de/10011434680

In search of the Euro area fiscal stance

Albonico, Alice; Tirelli, Patrizio; Paccagnini, Alessia - 2016

This paper investigates the role of fiscal policies over the aggregate EMU business cycle. Previous studies, based on the assumption of non-separability between public and private consumption, obtain a large public consumption multiplier, a small fraction of non-Ricardian households and,...

Persistent link: https://www.econbiz.de/10011529025

Monetary and macroprudential policies with direct and indirect financing : implications for macroeconomic stability

Bruch, Jan; Seitz, Franz; Vollmer, Uwe - 2024

We assess the impact of macroprudential measures on macroeconomic stability using a DSGE model in which firms can …Wir untersuchen die Auswirkungen makroprudenzieller Maßnahmen auf die makroökonomische Stabilität mit Hilfe eines DSGE …

Persistent link: https://www.econbiz.de/10014631259

Estimating a small open economy DSGE model with indeterminacy : evidence from China

Zheng, Tingguo; Guo, Huiming - In: Economic modelling 31 (2013), pp. 642-652

Persistent link: https://www.econbiz.de/10009731448

Monetary policy in a DSGE model with “Chinese Characteristics”

Chang, Chun; Liu, Zheng; Spiegel, Mark - 2012

Persistent link: https://www.econbiz.de/10009621949

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

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

This paper develops a model of the Chinese economy using a DSGE framework that accommodates a banking sector and money … 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/10010465443

Market and Non-Market Monetary Policy Tools in a Calibrated DSGE Model for Mainland China

Chen, Qianying - 2014

Monetary policy in mainland China differs from conventional central banking in several respects. The central bank … the required reserve ratio as a tool for fine-tuning monetary policy. This paper develops a New Keynesian DSGE model to … captures China's unconventional monetary policy toolkit. We find that credit quotas are important as the interest-rate corridor …

Persistent link: https://www.econbiz.de/10013065817