Recent macroeconomic stability in China | |
He, Qing ; Chen, Haiqiang ; Chen HQ(陈海强) | |
2014 | |
关键词 | MONETARY-POLICY TIME-SERIES GROWTH REFORM VOLATILITY EXCHANGE |
英文摘要 | Conference Name:Chinese-Economist-Society (CES) Conference on Development Beyond the Middle Income Trap - China in Transition. Conference Address: Kaifeng, PEOPLES R CHINA. Time:JUN 23-24, 2012.; The volatility of Chinese GDP growth has been markedly lower since the mid-1990s. We utilize frequency domain and vector autoregression (VAR) methods to investigate the origin of the observed volatility reduction in the Chinese economy. Our estimation indicates that lower volatility of random shocks to the economy, or the good luck hypothesis, accounts for most of the decline in macroeconomic volatility. Although good policy and better business practices are also contributing factors, they play a marginal role in dampening China's economic fluctuations. (C) 2013 Elsevier Inc. All rights reserved. |
语种 | 英语 |
出处 | http://dx.doi.org/10.1016/j.chieco.2013.07.005 |
出版者 | ELSEVIER SCIENCE INC |
内容类型 | 其他 |
源URL | [http://dspace.xmu.edu.cn/handle/2288/85925] |
专题 | 王亚南院-会议论文 |
推荐引用方式 GB/T 7714 | He, Qing,Chen, Haiqiang,Chen HQ. Recent macroeconomic stability in China. 2014-01-01. |
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