Arbeitspapier
Transmission of shocks to the Chinese economy in a global context: A model-based approach
To better understand the dynamics of the Chinese economy and its interaction with the global economy, the authors incorporate China into an existing model for the G-3 economies (i.e., the United States, the euro area, and Japan), paying particular attention to modelling the exchange rate and monetary policy in China. Their findings suggest that the Chinese economy adjusts more slowly to shocks, compared to the large advanced economies, because monetary policy is less effective and the real exchange rate more persistent. In addition, the authors' model underscores the importance of spillovers from China to the G-3 economies, and vice versa, thus highlighting the need to analyze the Chinese economy in a global context.
- Sprache
-
Englisch
- Erschienen in
-
Series: Bank of Canada Working Paper ; No. 2010-17
- Klassifikation
-
Wirtschaft
Business Fluctuations; Cycles
Monetary Policy
Open Economy Macroeconomics
- Thema
-
Economic models
international topics
business fluctuations and cycles
exchange rate regimes
Globalisierung
Schock
Geldpolitik
Wechselkurspolitik
Wirtschaftslage
China
EU-Staaten
USA
Japan
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bailliu, Jeannine
Blagrave, Patrick
- Ereignis
-
Veröffentlichung
- (wer)
-
Bank of Canada
- (wo)
-
Ottawa
- (wann)
-
2010
- DOI
-
doi:10.34989/swp-2010-17
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:46 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Bailliu, Jeannine
- Blagrave, Patrick
- Bank of Canada
Entstanden
- 2010
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