کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5048062 1370937 2007 25 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The real effects of monetary policy in China: An empirical analysis
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
The real effects of monetary policy in China: An empirical analysis
چکیده انگلیسی

This paper examines whether institutional changes have affected the interaction between the real economy and monetary policy in China. We find evidence that structural changes in the financial and real sectors over the period of our study did influence the way in which monetary policy affected the real economy. There were an increasing influence of interest rates on output over 1984 to 1997 and non-state owned enterprises were increasingly reacting to monetary policy changes, suggesting that banking sector reforms were having effects, despite the fact that most credit was allocated to the loss-making State sector.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: China Economic Review - Volume 18, Issue 1, 2007, Pages 87-111
نویسندگان
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