Arbeitspapier
Not all cities are alike: House price heterogeneity and the design of macro-prudential policies in China
This paper investigates the implementation of regionally differentiated macro-prudential policies in China. To assess the relative intensity of the city-level macro-prudential policies over time, we construct a time-varying city-level macro-prudential policy intensity indicator for 70 Chinese cities from 2010-2017. The empirical evidence shows China's macro-prudential toolbox has gradually evolved toward city-level policies tailored to granular local conditions to mitigate risks.
- Sprache
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Englisch
- ISBN
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978-952-323-245-7
- Erschienen in
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Series: BOFIT Discussion Papers ; No. 18/2018
Economic Development: Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
Monetary Policy
Multiple or Simultaneous Equation Models: Classification Methods; Cluster Analysis; Principal Components; Factor Models
Tsang, Andrew
Zhu, Linxu
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:23 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Funke, Michael
- Tsang, Andrew
- Zhu, Linxu
- Bank of Finland, Institute for Economies in Transition (BOFIT)
Entstanden
- 2018