透過您的圖書館登入
IP:18.221.222.47
  • 期刊

EFFECTS OF MONETARY POLICY ON ECONOMIC FLUCTUATIONS OF CHINA- BASED ON THE FRAMEWORK OF DSGE MODEL

並列摘要


Based on the New Keynesian theory, we use the available methods for testing macro models to evaluate a model of China over the period from the first quarter of 1990 to the fourth quarter of 2013. The basic framework of China's economy is running in the number of monetary policy, which measured the importance of the rule of China's macroeconomic volatility. The DSGE model that paper examine here provides a coherent theoretical for studying optimal monetary policy for China.

並列關鍵字

DSGE Model Monetary Policy Bayesian Approach

參考文獻


Gu, Biao,Wang, Jianfeng,Wu, Jingfei(2013).An Estimated DSGE Model for Business Cycie Analysis in China.Frontiers of Economics in China.8(3),390-429.
Calvo, G.A.(1983).Staggered prices in a utility-maximizing framework.Journal of Monetary Economics.12(3),383-398.
Galí, J.,Monacelli, T.(2005).Monetary Policy and Exchange Rate Volatility in a Small Open Economy.Review of Economic Studies.72,707-734.
Kydland, F. E.,Prescott, E. C.(1982).Time to Build and Aggregate Fluctuations.Econometrica.50(6),1345-1370.
Dai, Li,Minford, Patrick,Zhou, Peng(2014).DSGE Model of China.Cardiff Economics Working Papers.4

延伸閱讀