Is China's Monetary Policy Effective? Evaluating the VAR Evidence
Author
Abstract
Suggested Citation
DOI: 10.1142/S1793969013500106
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Richard Podpiera, 2006. "Progress in China’s Banking Sector Reform: Has Bank Behavior Changed?," IMF Working Papers 2006/071, International Monetary Fund.
- Christiano, Lawrence J. & Eichenbaum, Martin & Evans, Charles L., 1999.
"Monetary policy shocks: What have we learned and to what end?,"
Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 2, pages 65-148,
Elsevier.
- Lawrence J. Christiano & Martin S. Eichenbaum & Charles L. Evans, 1997. "Monetary policy shocks: what have we learned and to what end?," Working Paper Series, Macroeconomic Issues WP-97-18, Federal Reserve Bank of Chicago.
- Lawrence J. Christiano & Martin Eichenbaum & Charles L. Evans, 1998. "Monetary Policy Shocks: What Have We Learned and to What End?," NBER Working Papers 6400, National Bureau of Economic Research, Inc.
- Hsiao Chink Tang, 2006. "The Relative Importance Of Monetary Policy Transmission Channels In Malaysia," CAMA Working Papers 2006-23, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Eric M. Leeper & Christopher A. Sims & Tao Zha, 1996. "What Does Monetary Policy Do?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 27(2), pages 1-78.
- Andrea Brischetto & Graham Voss, 1999. "A Structural Vector Autoregression Model of Monetary Policy in Australia," RBA Research Discussion Papers rdp1999-11, Reserve Bank of Australia.
- Gregory Chow & Yan Shen, 2004. "Money, Price Level and Output in the Chinese Macro Economy," Working Papers 104, Princeton University, Department of Economics, Center for Economic Policy Studies..
- Johansen, Soren, 1995. "Likelihood-Based Inference in Cointegrated Vector Autoregressive Models," OUP Catalogue, Oxford University Press, number 9780198774501.
- repec:pri:cepsud:98chow is not listed on IDEAS
- Martins Bitans & Dainis Stikuts & Ivars Tillers, 2003. "Transmission of Monetary Shocks in Latvia," Working Papers 2003/01, Latvijas Banka.
- Geiger, Michael, 2006. "Monetary Policy in China (1994-2004): Targets, Instruments and their Effectiveness," W.E.P. - Würzburg Economic Papers 68, University of Würzburg, Department of Economics.
- Mr. Bernard J Laurens & Mr. Rodolfo Maino, 2007. "China: Strengthening Monetary Policy Implementation," IMF Working Papers 2007/014, International Monetary Fund.
- Ms. Era Dabla-Norris & Mr. Holger Floerkemeier, 2006. "Transmission Mechanisms of Monetary Policy in Armenia: Evidence from VAR Analysis," IMF Working Papers 2006/248, International Monetary Fund.
- Peersman, Gert & Smets, Frank, 2001. "The monetary transmission mechanism in the euro area: more evidence from VAR analysis," Working Paper Series 91, European Central Bank.
- Gregory Chow & Yan Shen, 2004. "Money, Price Level and Output in the Chinese Macro Economy," Working Papers 104, Princeton University, Department of Economics, Center for Economic Policy Studies..
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Georgiadis, Georgios & Jančoková, Martina, 2020.
"Financial globalisation, monetary policy spillovers and macro-modelling: Tales from 1001 shocks,"
Journal of Economic Dynamics and Control, Elsevier, vol. 121(C).
- Georgios Georgiadis & Martina Jancokova, 2017. "Financial Globalisation, Monetary Policy Spillovers and Macro-modelling: Tales from 1001 Shocks," GRU Working Paper Series GRU_2017_008, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.
- Georgios Georgiadis & Martina Jancokova, 2017. "Financial Globalisation, Monetary Policy Spillovers and Macro-modelling: Tales from 1001 Shocks," Globalization Institute Working Papers 314, Federal Reserve Bank of Dallas.
- Georgiadis, Georgios & Jančoková, Martina, 2017. "Financial globalisation, monetary policy spillovers and macro-modelling: tales from 1001 shocks," Working Paper Series 2082, European Central Bank.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Jiang, Jiadan & Kim, David, 2013. "Exchange rate pass-through to inflation in China," Economic Modelling, Elsevier, vol. 33(C), pages 900-912.
- Tuan Phan, 2014.
"Output Composition of the Monetary Policy Transmission Mechanism: Is Australia Different?,"
The Economic Record, The Economic Society of Australia, vol. 90(290), pages 382-399, September.
- Tuan Phan, 2014. "Output Composition of the Monetary Policy Transmission Mechanism: Is Australia Different?," CAMA Working Papers 2014-39, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Tuan Anh Phan, 2014. "Output Composition of the Monetary Policy Transmission Mechanism: Is Australia Different?," Crawford School Research Papers 1403, Crawford School of Public Policy, The Australian National University.
- Mala Raghavan & George Athanasopoulos & Param Silvapulle, 2009. "VARMA models for Malaysian Monetary Policy Analysis," Monash Econometrics and Business Statistics Working Papers 6/09, Monash University, Department of Econometrics and Business Statistics.
- Kishan Abeygunawardana & Chandranath Amarasekara & C. D. Tilakaratne, 2017. "Macroeconomic Effects of Monetary Policy Shocks," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 18(1), pages 21-38, March.
- Summers, Peter M., 2001. "Forecasting Australia's economic performance during the Asian crisis," International Journal of Forecasting, Elsevier, vol. 17(3), pages 499-515.
- Popescu, Iulia Vasile, 2012. "Effects of monetary policy in Romania. A VAR approach," MPRA Paper 41686, University Library of Munich, Germany.
- Tomas Havranek & Marek Rusnak, 2013.
"Transmission Lags of Monetary Policy: A Meta-Analysis,"
International Journal of Central Banking, International Journal of Central Banking, vol. 9(4), pages 39-76, December.
- Tomas Havranek & Marek Rusnak, 2012. "Transmission Lags of Monetary Policy: A Meta-Analysis," William Davidson Institute Working Papers Series wp1038, William Davidson Institute at the University of Michigan.
- Tomas Havranek & Marek Rusnak, 2012. "Transmission Lags of Monetary Policy: A Meta-Analysis," Working Papers 2012/10, Czech National Bank.
- Tomas Havranek & Marek Rusnak, 2012. "Transmission Lags of Monetary Policy: A Meta-Analysis," Working Papers IES 2012/27, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Oct 2012.
- Jhonatan Portilla & Gabriel Rodríguez & Paul Castillo B., 2022.
"Evolution of Monetary Policy in Peru: An Empirical Application Using a Mixture Innovation TVP-VAR-SV Model [Metas de Inflación en Una Economía Dolarizada: La Experencia Del Perú],"
CESifo Economic Studies, CESifo Group, vol. 68(1), pages 98-126.
- Jhonatan Portilla Goicochea & Gabriel Rodríguez, 2020. "Evolution of Monetary Policy in Peru: An Empirical Application using a Mixture Innovation TVP-VAR-SV Model," Documentos de Trabajo / Working Papers 2020-485, Departamento de Economía - Pontificia Universidad Católica del Perú.
- Shuzhang Sun & Christopher Gan & Baiding Hu, 2010.
"The Effects Of Short-Term Interest Rates On Output, Price And Exchange Rates: Recent Evidence From China,"
The International Journal of Business and Finance Research, The Institute for Business and Finance Research, vol. 4(1), pages 173-191.
- Shuzhang Sun & Christopher Gan & Baiding Hu, 2010. "The Effects Of Short-Term Interest Rates On Output, Price And Exchange Rates: Recent Evidence From China," The International Journal of Business and Finance Research, The Institute for Business and Finance Research, vol. 4(3), pages 113-131.
- Spulbăr Cristi & Niţoi Mihai, 2013. "Monetary Policy Transmission Mechanism in Romania Over the Period 2001 to 2012: A Bvar Analysis," Scientific Annals of Economics and Business, Sciendo, vol. 60(2), pages 1-12, December.
- Bjørnland, Hilde C., 2009.
"Monetary policy and exchange rate overshooting: Dornbusch was right after all,"
Journal of International Economics, Elsevier, vol. 79(1), pages 64-77, September.
- Hilde C. Bjørnland, 2009. "Monetary policy and exchange rate overshooting: Dornbusch was right after all," Working Paper 2009/09, Norges Bank.
- Mala Raghavan & Paramsothy Silvapulle & George Athanasopoulos, 2012. "Structural VAR models for Malaysian monetary policy analysis during the pre- and post-1997 Asian crisis periods," Applied Economics, Taylor & Francis Journals, vol. 44(29), pages 3841-3856, October.
- Magdalena Borys & Roman Horváth & Michal Franta, 2009.
"The effects of monetary policy in the Czech Republic: an empirical study,"
Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 36(4), pages 419-443, November.
- Magdalena Morgese Borys & Roman Horváth, 2007. "The Effects of Monetary Policy in the Czech Republic: An Empirical Study," Working Papers IES 2007/26, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Oct 2007.
- Magdalena Morgese Borys & Roman Horvath, 2008. "The Effects of Monetary Policy in the Czech Republic: An Empirical Study," Working Papers 2008/4, Czech National Bank.
- Magdalena M Borys & Roman Horvath, 2008. "The Effects of Monetary Policy in the Czech Republic: An Empirical Study," William Davidson Institute Working Papers Series wp922, William Davidson Institute at the University of Michigan.
- Magdalena Morgese Borys & Roman Horvath, 2008. "The Effects of Monetary Policy in the Czech Republic: An Empirical Study," International Trade and Finance Association Conference Papers 1109, International Trade and Finance Association.
- Magdalena Morgese Borys & Roman Horvath, 2007. "The Effects of Monetary Policy in the Czech Republic: An Empirical Study," CERGE-EI Working Papers wp339, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
- Fujiwara Ippei, 2004.
"Output Composition of the Monetary Policy Transmission Mechanism in Japan,"
The B.E. Journal of Macroeconomics, De Gruyter, vol. 4(1), pages 1-23, September.
- Ippei Fujiwara, 2003. "Output Composition of the Monetary Policy Transmission Mechanism in Japan," Bank of Japan Working Paper Series 03-E-9, Bank of Japan.
- Ippei Fujiwara, 2003. "Output Composition of Monetary Policy Transmission Mechanism in Japan," Discussion Papers in Economics and Business 03-07, Osaka University, Graduate School of Economics.
- Fernald, John G. & Spiegel, Mark M. & Swanson, Eric T., 2014.
"Monetary policy effectiveness in China: Evidence from a FAVAR model,"
Journal of International Money and Finance, Elsevier, vol. 49(PA), pages 83-103.
- John Fernald & Mark M. Spiegel & Eric T. Swanson, 2014. "Monetary Policy Effectiveness in China: Evidence from a FAVAR Model," NBER Working Papers 20518, National Bureau of Economic Research, Inc.
- John G. Fernald & Mark M. Spiegel & Eric T. Swanson, 2014. "Monetary Policy Effectiveness in China: Evidence from a FAVAR Model," Working Paper Series 2014-7, Federal Reserve Bank of San Francisco.
- Hilde C. Bjørnland, 2005.
"Monetary policy and the illusionary exchange rate puzzle,"
Working Paper
2005/11, Norges Bank.
- Bjørnland, Hilde C., 2005. "Monetary Policy and the Illusionary Exchange Rate Puzzle," Memorandum 26/2005, Oslo University, Department of Economics.
- Hilde C. Bjørnland, 2006. "Monetary Policy and the Illusionary Exchange Rate Puzzle," Computing in Economics and Finance 2006 45, Society for Computational Economics.
- Karamé, Frédéric & Patureau, Lise & Sopraseuth, Thepthida, 2008.
"Limited participation and exchange rate dynamics: Does theory meet the data?,"
Journal of Economic Dynamics and Control, Elsevier, vol. 32(4), pages 1041-1087, April.
- Frédéric Karamé & Lise Patureau & Thepthida Sopraseuth, 2003. "Limited Participation and Exchange Rate Dynamics: Does Theory Meet the Data?," Documents de recherche 03-15, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
- Frédéric Karamé & Lise Patureau & Thepthida Sopraseuth, 2008. "Limited participation and exchange rate dynamics: Does theory meet the data?," Post-Print halshs-00754292, HAL.
- Frédéric Karamé & Lise Patureau & Thepthida Sopraseuth, 2003. "Limited participation and exchange rate dynamics: does theory meet the data?," Cahiers de la Maison des Sciences Economiques v04013, Université Panthéon-Sorbonne (Paris 1).
- Jérôme Héricourt, 2005.
"Monetary policy transmission in the CEECs: a comprehensive analysis,"
Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers)
halshs-00193947, HAL.
- Jérôme Héricourt, 2005. "Monetary policy transmission in the CEECs: a comprehensive analysis," Post-Print halshs-00193947, HAL.
- Jérôme Héricourt, 2005. "Monetary policy transmission in the CEECs: a comprehensive analysis," Cahiers de la Maison des Sciences Economiques bla05020, Université Panthéon-Sorbonne (Paris 1).
- Civcir, İrfan & Ertac Varoglu, Dizem, 2019. "International transmission of monetary and global commodity price shocks to Turkey," Journal of Policy Modeling, Elsevier, vol. 41(4), pages 647-665.
- Marina Tkalec, 2013.
"The Dynamics of Deposit Euroization in European Post-Transition Countries: Evidence from Threshold VAR,"
Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 66-83.
- Marina Tkalec, 2012. "The Dynamics of Deposit Euroization in European Post-transition Countries: Evidence from Threshold VAR," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 62(3), pages 278-296, July.
- Marina Tkalec, 2011. "The Dynamics of Deposit Euroization in European Post-transition Countries: Evidence from Threshold VAR," Working Papers 1102, The Institute of Economics, Zagreb.
More about this item
Keywords
Identification; monetary policy; VAR; China;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:ceprxx:v:02:y:2013:i:02:n:s1793969013500106. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/cepr/cepr.shtml .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.