Nine blind men and the PBoC
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Sun, Rongrong, 2013.
"Does monetary policy matter in China? A narrative approach,"
China Economic Review, Elsevier, vol. 26(C), pages 56-74.
- Sun, Rongrong, 2012. "Does Monetary Policy Matter in China? A Narrative Approach," MPRA Paper 45023, University Library of Munich, Germany.
- Uhlig, Harald, 2005.
"What are the effects of monetary policy on output? Results from an agnostic identification procedure,"
Journal of Monetary Economics, Elsevier, vol. 52(2), pages 381-419, March.
- Uhlig, H.F.H.V.S., 1999. "What are the Effects of Monetary Policy on Output? Results from an Agnostic Identification Procedure," Discussion Paper 1999-28, Tilburg University, Center for Economic Research.
- Uhlig, Harald, 1999. "What are the Effects of Monetary Policy on Output? Results from an Agnostic Identification Procedure," CEPR Discussion Papers 2137, C.E.P.R. Discussion Papers.
- Òscar Jordà, 2009. "Simultaneous Confidence Regions for Impulse Responses," The Review of Economics and Statistics, MIT Press, vol. 91(3), pages 629-647, August.
- Zhang, Chengsi & Sun, Yuchen, 2017. "Confidence in Chinese monetary policy," International Review of Economics & Finance, Elsevier, vol. 52(C), pages 212-221.
- Kaiji Chen & Jue Ren & Tao Zha, 2018.
"The Nexus of Monetary Policy and Shadow Banking in China,"
American Economic Review, American Economic Association, vol. 108(12), pages 3891-3936, December.
- Kaiji Chen & Jue Ren & Tao Zha, 2017. "The Nexus of Monetary Policy and Shadow Banking in China," NBER Working Papers 23377, National Bureau of Economic Research, Inc.
- Michael Funke & Andrew Tsang, 2021. "The Direction and Intensity of China’s Monetary Policy: A Dynamic Factor Modelling Approach," The Economic Record, The Economic Society of Australia, vol. 97(316), pages 100-122, March.
- Klingelhöfer, Jan & Sun, Rongrong, 2019.
"Macroprudential policy, central banks and financial stability: Evidence from China,"
Journal of International Money and Finance, Elsevier, vol. 93(C), pages 19-41.
- Klingelhöfer, Jan & Sun, Rongrong, 2017. "Macroprudential Policy, Central Banks and Financial Stability: Evidence from China," MPRA Paper 79033, University Library of Munich, Germany.
- Jan Klingelhöfer & Rongrong Sun, 2017. "Macroprudential Policy, Central Banks and Financial Stability: Evidence from China," CFDS Discussion Paper Series 2017/4, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
- Chen, Hongyi & Tillmann, Peter, 2021. "Monetary policy uncertainty in China," Journal of International Money and Finance, Elsevier, vol. 110(C).
- He, Dong & Wang, Honglin, 2012.
"Dual-track interest rates and the conduct of monetary policy in China,"
China Economic Review, Elsevier, vol. 23(4), pages 928-947.
- Dong He & Honglin Wang, 2011. "Dual-Track Interest Rates and the Conduct of Monetary Policy in China," Working Papers 212011, Hong Kong Institute for Monetary Research.
- Òscar Jordà, 2005. "Estimation and Inference of Impulse Responses by Local Projections," American Economic Review, American Economic Association, vol. 95(1), pages 161-182, March.
- Sun, Rongrong, 2015.
"What measures Chinese monetary policy?,"
Journal of International Money and Finance, Elsevier, vol. 59(C), pages 263-286.
- Sun, Rongrong, 2014. "What Measures Chinese Monetary Policy?," MPRA Paper 58514, University Library of Munich, Germany.
- Rongrong Sun, 2015. "What Measures Chinese Monetary Policy?," Working Papers 072015, Hong Kong Institute for Monetary Research.
- Regis Barnichon & Christian Brownlees, 2019.
"Impulse Response Estimation by Smooth Local Projections,"
The Review of Economics and Statistics, MIT Press, vol. 101(3), pages 522-530, July.
- Barnichon, Regis & Brownlees, Christian, 2016. "Impulse Response Estimation By Smooth Local Projections," CEPR Discussion Papers 11726, C.E.P.R. Discussion Papers.
- Makram El-Shagi, 2019. "A simple estimator for smooth local projections," Applied Economics Letters, Taylor & Francis Journals, vol. 26(10), pages 830-834, June.
- Rongrong Sun, 2018.
"A Narrative indicator of Monetary Conditions in China,"
International Journal of Central Banking, International Journal of Central Banking, vol. 14(4), pages 1-42, September.
- Sun, Rongrong, 2015. "A Narrative Indicator of Monetary Conditions in China," MPRA Paper 64166, University Library of Munich, Germany.
- He, Qing & Leung, Pak-Ho & Chong, Terence Tai-Leung, 2013. "Factor-augmented VAR analysis of the monetary policy in China," China Economic Review, Elsevier, vol. 25(C), pages 88-104.
- Fu, Buben & Wang, Bin, 2020. "The transition of China's monetary policy regime: Before and after the four trillion RMB stimulus," Economic Modelling, Elsevier, vol. 89(C), pages 273-303.
- Makram El-Shagi & Lunan Jiang, 2017. "China Monetary Policy Transmission in China: Dual Shocks with Dual Bond Markets," CFDS Discussion Paper Series 2017/2, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Lu, Dong & Tang, Huoqing & Zhang, Chengsi, 2023. "China's monetary policy surprises and corporate real investment," China Economic Review, Elsevier, vol. 77(C).
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.- Sun, Rongrong, 2020.
"Monetary policy announcements and market interest rates’ response: Evidence from China,"
Journal of Banking & Finance, Elsevier, vol. 113(C).
- Rongrong Sun, 2018. "Monetary Policy Announcements and Market Interest Rates Response: Evidence from China," CFDS Discussion Paper Series 2018/5, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
- Sun, Rongrong, 2018. "Monetary Policy Announcements and Market Interest Rates’ Response: Evidence from China," MPRA Paper 87703, University Library of Munich, Germany.
- Rongrong Sun, 2021.
"Requiem for the interest rate controls in China,"
Pacific Economic Review, Wiley Blackwell, vol. 26(2), pages 139-160, May.
- Sun, Rongrong, 2018. "Requiem for the Interest-Rate Controls in China," MPRA Paper 87700, University Library of Munich, Germany.
- Rongrong Sun, 2018. "Requiem for the Interest-Rate Controls in China," CFDS Discussion Paper Series 2018/4, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
- Yemba, Boniface & Kitenge, Erick & Tang, Biyan & Gaekwad, Neepa B., 2024. "Monetary policy in China: A Factor Augmented VAR approach," International Review of Economics & Finance, Elsevier, vol. 89(PA), pages 975-1008.
- Chen, Hongyi & Chow, Kenneth & Tillmann, Peter, 2017.
"The effectiveness of monetary policy in China: Evidence from a Qual VAR,"
China Economic Review, Elsevier, vol. 43(C), pages 216-231.
- Hongyi Chen & Kenneth Chow & Peter Tillmann, "undated". "The effectiveness of monetary policy in China: Evidence from a Qual VAR," GRU Working Paper Series GRU_2016_022, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.
- Hongyi Chen & Kenneth ChowAuthor-Workplace-Name: Hong Kong Monetary Authority & Peter Tillmann, 2016. "The Effectiveness of Monetary Policy in China: Evidence from a Qual VAR," Working Papers 062016, Hong Kong Institute for Monetary Research.
- Michael Funke & Andrew Tsang, 2021. "The Direction and Intensity of China’s Monetary Policy: A Dynamic Factor Modelling Approach," The Economic Record, The Economic Society of Australia, vol. 97(316), pages 100-122, March.
- Makram El-Shagi & Lunan Jiang, 2023. "How the PBoC´s new MLF affects the yield curve," CFDS Discussion Paper Series 2023/1, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
- Chen, Yong & Liu, Dingming & Zhuang, Ziguan, 2023. "The spillover effects of China's monetary policy shock: Evidence from B&R countries," Emerging Markets Review, Elsevier, vol. 55(C).
- Chen, Hongyi & Tillmann, Peter, 2021. "Monetary policy uncertainty in China," Journal of International Money and Finance, Elsevier, vol. 110(C).
- Li, Huan & Ni, Jinlan & Xu, Yueli & Zhan, Minghua, 2021. "Monetary policy and its transmission channels: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 68(C).
- Sun, Rongrong, 2015.
"What measures Chinese monetary policy?,"
Journal of International Money and Finance, Elsevier, vol. 59(C), pages 263-286.
- Sun, Rongrong, 2014. "What Measures Chinese Monetary Policy?," MPRA Paper 58514, University Library of Munich, Germany.
- Rongrong Sun, 2015. "What Measures Chinese Monetary Policy?," Working Papers 072015, Hong Kong Institute for Monetary Research.
- repec:zbw:bofitp:2019_008 is not listed on IDEAS
- Atsushi Inoue & `Oscar Jord`a & Guido M. Kuersteiner, 2023.
"Inference for Local Projections,"
Papers
2306.03073, arXiv.org, revised Aug 2024.
- Inoue, Atsushi & Jordà , Òscar & Kuersteiner, Guido, 2024. "Inference for Local Projections," CEPR Discussion Papers 19379, C.E.P.R. Discussion Papers.
- Atsushi Inoue & Òscar Jordà & Guido M. Kuersteiner, 2024. "Inference for Local Projections," Working Paper Series 2024-29, Federal Reserve Bank of San Francisco.
- Funke, Michael & Tsang, Andrew, 2019. "The direction and intensity of China's monetary policy conduct: A dynamic factor modelling approach," BOFIT Discussion Papers 8/2019, Bank of Finland Institute for Emerging Economies (BOFIT).
- Tsang, Andrew, 2021.
"Uncovering Heterogeneous Regional Impacts of Chinese Monetary Policy,"
MPRA Paper
110703, University Library of Munich, Germany.
- Tsang, Andrew, 2021. "Uncovering Heterogeneous Regional Impacts of Chinese Monetary Policy," WiSo-HH Working Paper Series 62, University of Hamburg, Faculty of Business, Economics and Social Sciences, WISO Research Laboratory.
- Silvia Miranda-Agrippino & Giovanni Ricco, 2021.
"The Transmission of Monetary Policy Shocks,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 13(3), pages 74-107, July.
- Silvia Miranda-Agrippino & Giovanni Ricco, 2015. "The Transmission of Monetary Policy Shocks," Discussion Papers 1711, Centre for Macroeconomics (CFM), revised Feb 2017.
- Miranda-Agrippino, Silvia & Ricco, Giovanni, 2017. "The Transmission of Monetary Policy Shocks," The Warwick Economics Research Paper Series (TWERPS) 1136, University of Warwick, Department of Economics.
- Miranda-Agrippino, Silvia & Ricco, Giovanni, 2017. "The transmission of monetary policy shocks," LSE Research Online Documents on Economics 86163, London School of Economics and Political Science, LSE Library.
- Ricco, Giovanni & Miranda-Agrippino, Silvia, 2018. "The Transmission of Monetary Policy Shocks," CEPR Discussion Papers 13396, C.E.P.R. Discussion Papers.
- Miranda-Agrippino, Silvia & Ricco, Giovanni, 2017. "The transmission of monetary policy shocks," Bank of England working papers 657, Bank of England.
- Miranda-Agrippino, Silvia & Ricco, Giovanni, 2017. "The Transmission of Monetary Policy Shocks," Economic Research Papers 269310, University of Warwick - Department of Economics.
- Silvia Miranda-Agrippino & Giovanni Ricco, 2017. "The transmission of monetary policy shocks," Documents de Travail de l'OFCE 2017-15, Observatoire Francais des Conjonctures Economiques (OFCE).
- Lu, Dong & Tang, Huoqing & Zhang, Chengsi, 2023. "China's monetary policy surprises and corporate real investment," China Economic Review, Elsevier, vol. 77(C).
- Alistair Dieppe & Bjorn van Roye & Paolo. Bonomolo, 2017. "Re-assessing Monetary Policy Shocks in China," EcoMod2017 10524, EcoMod.
- Han, Qian & Song, Zhaogang & Yuan, Yufei & Zhao, Yuanhang, 2023. "Monetary transmission and government investment in China," China Economic Review, Elsevier, vol. 82(C).
- Klingelhöfer, Jan & Sun, Rongrong, 2019.
"Macroprudential policy, central banks and financial stability: Evidence from China,"
Journal of International Money and Finance, Elsevier, vol. 93(C), pages 19-41.
- Jan Klingelhöfer & Rongrong Sun, 2017. "Macroprudential Policy, Central Banks and Financial Stability: Evidence from China," CFDS Discussion Paper Series 2017/4, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
- Klingelhöfer, Jan & Sun, Rongrong, 2017. "Macroprudential Policy, Central Banks and Financial Stability: Evidence from China," MPRA Paper 79033, University Library of Munich, Germany.
- Wu, Nan & Zhang, Zuopeng & Lin, Boqiang, 2024. "Responses of financial stress and monetary policy to global warming: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 92(C).
- Òscar Jordà & Alan M. Taylor, 2024.
"Local Projections,"
NBER Working Papers
32822, National Bureau of Economic Research, Inc.
- Òscar Jordà & Alan M. Taylor, 2024. "Local Projections," Working Paper Series 2024-24, Federal Reserve Bank of San Francisco.
More about this item
Keywords
China; monetary policy shocks; local projections; meta study;All these keywords.
JEL classification:
- C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2021-07-19 (Central Banking)
- NEP-CNA-2021-07-19 (China)
- NEP-MAC-2021-07-19 (Macroeconomics)
- NEP-MON-2021-07-19 (Monetary Economics)
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:fds:dpaper:202102. 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: Kerstin El-Shagi (email available below). General contact details of provider: https://edirc.repec.org/data/sehencn.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.