The impact of international financial crisis and the effect of China's macro policy response - based on an open economy DSGE - VAR Model

Financial Forum

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Title The impact of international financial crisis and the effect of China's macro policy response - based on an open economy DSGE - VAR Model
 
Creator Sun, linue
 
Subject financial crisis ; monetary policy ; fiscal Policy ; economic cycle ; China Economy
 
Description leverages an open economy DSGE - VAR The model simulates and calculates the effects of the international financial crisis on China's economy and its transmission channels " , and U.S. quantitative easing monetary policy spillover effects on China's economy ; and discuss China's monetary and fiscal policies in this framework anti- effect , identifies the long-term factors that cause China's economic fluctuations . The results of the study show that , first , Exchange channels and trade channels are the main channels for international finance The The crisis has an impact on China , US quantitative easing policy has a significant negative effect on China's economy . second , China government the Monetary and fiscal policy actions taken by the Government in response to the international financial crisis are timely and effective , Although the side effects are great ; without these stimulus policy , China's real output in 2009 Year will drop 5 percent , Exports will also drop significantly . third ,Consumer preference Impact , investment flush Click , Import price index impact , the main reason for China's macroeconomic fluctuation is the impact of interest rate shocks and foreign economic fluctuations .
 
Publisher PiscoMed Publishing Pte Ltd
 
Contributor
 
Date 2018-09-17
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://ojs.piscomed.com/index.php/FF/article/view/484
10.18282/ff.v0i0.484
 
Source Financial Forum; Vol 3, No 1 (Published)
2251-2659
 
Language eng
 
Relation http://ojs.piscomed.com/index.php/FF/article/view/484/439
 
Rights Copyright (c) 2018 linue Sun
http://creativecommons.org/licenses/by-nc/4.0
 

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