Recent macroeconomic stability in China

China Economic Review - Tập 30 - Trang 505-519 - 2014
Qing He1, Haiqiang Chen2
1School of Finance & China Financial Policy Research Center, Renmin University of China, Beijing 100872, China
2The Wang Yanan Institute for Studies in Economics, MOE Key Lab of Econometrics and Fujian Key Lab of Statistics, Xiamen University, Fujian 361005, China

Tài liệu tham khảo

Abeysinghe, 2004, Quarterly real GDP estimates for China and ASEAN4 with a forecast evaluation, Journal of Forecasting, 23, 431, 10.1002/for.922 Ahmed, 2004, Recent U.S. macroeconomic stability: Good policies, good practices or good luck?, The Review of Economics and Statistics, 86, 824, 10.1162/0034653041811662 Allen, 2005, Law, finance, and economic growth in China, Journal of Financial Economics, 77, 57, 10.1016/j.jfineco.2004.06.010 Amisano, 1997 Boivin, 2006, Has monetary policy become more effective?, The Review of Economics and Statistics, 88, 445, 10.1162/rest.88.3.445 Brandt, 2000, Redistribution in a decentralized economy: Growth and inflation in China under reform, Journal of Political Economy, 108, 422, 10.1086/262124 Breitung, 2004, Structural vector autoregressive modeling, 159 Chow, 1971, Best linear unbiased interpolation, distribution and extrapolation of time series by related series, The Review of Economics and Statistics, 53, 372, 10.2307/1928739 Christiano, 1999, Monetary policy shocks: What have we learned and to what end?, Vol. 1A Clarida, 2000, Monetary policy rules and macroeconomic stability: Evidence and some theory, Quarterly Journal of Economics, 115, 147, 10.1162/003355300554692 Du, 2011, Channels of interprovincial risk sharing in China, Journal of Comparative Economics, 39, 383, 10.1016/j.jce.2011.03.005 Dynan, 2006, Can financial innovation help to explain the reduced volatility of economic activity?, Journal of Monetary Economics, 53, 123, 10.1016/j.jmoneco.2005.10.012 Frankel, 2009, New estimation of China's exchange rate regime Goldfeld, 1965, Some tests for homoscedasticity, Journal of the American Statistical Association, 60, 539, 10.1080/01621459.1965.10480811 Goodfriend, 2007, A framework for independent monetary policy in China, CESifo Economic Studies, 53, 2, 10.1093/cesifo/ifm001 He, 2009, What accounts for Chinese business cycle?, China Economic Review, 20, 650, 10.1016/j.chieco.2009.05.008 He, 2013, Time-varying volatility in the Chinese economy: A regional perspective He, 2013, Factor-augmented VAR analysis of the monetary policy in China, China Economic Review, 25, 88, 10.1016/j.chieco.2013.03.001 Hsieh, 2009, Misallocation and manufacturing TFP in China and India, Quarterly Journal of Economics, 4, 1403, 10.1162/qjec.2009.124.4.1403 Justiniano, 2008, The time-varying volatility of macroeconomic fluctuations, American Economic Review, 98, 604, 10.1257/aer.98.3.604 Kahn, 2002, On the causes of the increased stability of the U.S. economy, Federal Reserve Bank of New York Economic Policy Review, 8, 183 Kim, 2000, Exchange rate anomalies in the industrial countries: A solution with a structural VAR approach, Journal of Monetary Economics, 45, 561, 10.1016/S0304-3932(00)00010-6 Lau, 2000, Reform without losers: An interpretation of China's dual-track approach to transition, Journal of Political Economy, 108, 120, 10.1086/262113 Laurenceson, 2010, China's macroeconomic volatility — How important is the business cycle?, China Economic Review, 21, 324, 10.1016/j.chieco.2010.02.003 Lin, 1998, Competition, policy burdens, and state-owned enterprise reform, American Economic Review, 88, 422 McConnell, 1999, A decomposition of the increased stability of GDP growth, 5(13) Mehrotra, 2007, Exchange and interest rate channels during a deflationary era—Evidence from Japan, Hong Kong and China, Journal of Comparative Economics, 35, 188, 10.1016/j.jce.2006.10.004 Morck, 2000, The information content of stock markets: Why do emerging markets have synchronous stock price movements?, Journal of Financial Economics, 58, 215, 10.1016/S0304-405X(00)00071-4 Naughton, 1996 Prasad, 2008, Is the Chinese growth miracle built to last?, China Economic Review, 20, 103, 10.1016/j.chieco.2008.05.007 Prasad, 2006, Modernizing China's growth paradigm, American Economic Review, 96, 331, 10.1257/000282806777212170 Rotemberg, 1999, Interest-rate rules in an estimated sticky-price model, 57 Simon, 2000 Sims, 1992, Interpreting the macroeconomic time series facts: The effects of monetary policy, European Economic Review, 36, 975, 10.1016/0014-2921(92)90041-T Sims, 1995, Does monetary policy generate recessions? Using less aggregate price data to identify monetary policy Stock, 2002, Has the business cycle changed and why?, NBER Macroeconomics Annual, 17, 159, 10.1086/ma.17.3585284 Summers, 2005, What caused the great moderation? Some cross-country evidence, 5 Wolf, 2011, How China could yet fail like Japan Zhou, 2005 Zhu, 2012, Understanding China's growth: Past, present, and future, Journal of Economic Perspectives, 26, 103, 10.1257/jep.26.4.103