[go: up one dir, main page]
More Web Proxy on the site http://driver.im/
create a website
Chinas monetary policy and the loan market : How strong is the credit channel in China?. (2019). Nuutilainen, Riikka ; Breitenlechner, Max .
In: BOFIT Discussion Papers.
RePEc:bof:bofitp:2019_015.

Full description at Econpapers || Download paper

Cited: 0

Citations received by this document

Cites: 36

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

    This document has not been cited yet.

References

References cited by this document

  1. Andrade, P., Ferroni, F., 2018. Delphic and Odyssean monetary policy shocks: Evidence from the euro-area. Working Paper WP-2018-12, Federal Reserve Bank of Chicago.

  2. Arias, J. E., Rubio-Ramı́rez, J. F., Waggoner, D. F., 2018. Inference based on structural vector autoregressions identified with sign and zero restrictions: Theory and applications. Econometrica 86 (2), 685–720. Notably, when we apply a recursive identification approach, the share of monetary policy shocks in the FEVD of the narrow economic activity is also considerably smaller than the FEVD of the wide economic activity factor (see Table A.4 in Appendix A).

  3. Baumeister, C., Hamilton, J. D., 2015. Sign restrictions, structural vector autoregressions, and useful prior information. Econometrica 83 (5), 1963–1999.

  4. Bernanke, B. S., Blinder, A. S., 1988. Credit, money, and aggregate demand. The American Economic Review 78 (2), 435–439.

  5. Bernanke, B. S., Boivin, J., Eliasz, P., 2005. Measuring the effects of monetary policy: A factoraugmented vector autoregressive (FAVAR) approach. The Quarterly Journal of Economics 120 (1), 387–422.

  6. Bernanke, B. S., Gertler, M., 1995. Inside the black box: The credit channel of monetary policy transmission. The Journal of Economic Perspectives 9 (4), 27–48.

  7. Bijsterbosch, M., Falagiarda, M., 2015. The macroeconomic impact of financial fragmentation in the euro area: Which role for credit supply? Journal of International Money and Finance 54, 93–115.

  8. Breitenlechner, M., Geiger, M., Sindermann, F., 2018. ZeroSignVAR: A zero and sign restriction algorithm implemented in MATLAB. Unpublished manuscript, University of Innsbruck.
    Paper not yet in RePEc: Add citation now

  9. Cashin, P., Mohaddes, K., Raissi, M., Raissi, M., 2014. The differential effects of oil demand and supply shocks on the global economy. Energy Economics 44, 113–134.

  10. Chadha, J. S., Corrado, L., Sun, Q., 2010. Money and liquidity effects: Separating demand from supply. Journal of Economic Dynamics and Control 34 (9), 1732–1747.

  11. Chen, H., Chen, Q., Gerlach, S., 2013. The implementation of monetary policy in China: The interbank market and bank lending. Emerald Group Publishing Limited, Ch. 2, pp. 31–69.

  12. Chen, H., Chow, K., Tillmann, P., 2017. The effectiveness of monetary policy in China: Evidence from a qual VAR. China Economic Review 43, 216–231.

  13. Christiano, L. J., Eichenbaum, M., Evans, C. L., 1999. Monetary policy shocks: What have we learned and to what end? In: Taylor, J. B., Woodford, M. (Eds.), Handbook of Macroeconomics. Vol. 1, Part A of Handbook of Macroeconomics. Elsevier, Ch. 2, pp. 65–148.

  14. Disyatat, P., 2011. The bank lending channel revisited. Journal of Money, Credit and Banking 43 (4), 711–734.

  15. Fernald, J. G., Hsu, E., Spiegel, M. M., 2015. Is China fudging its figures? Evidence from trading partner data. BOFIT Discussion Papers 29/2015, Bank of Finland, BOFIT Institute for Economies in Transition.

  16. Fernald, J. G., Spiegel, M. M., Swanson, E. T., 2014. Monetary policy effectiveness in China: Evidence from a FAVAR model. Journal of International Money and Finance 49, 83–103.

  17. Fry, R., Pagan, A., 2011. Sign restrictions in structural vector autoregressions: A critical review. Journal of Economic Literature 49 (4), 938–960.

  18. Fungáčová, Z., Nuutilainen, R., Weill, L., 2016. Reserve requirements and the bank lending channel in China. Journal of Macroeconomics 50, 37–50.

  19. Gambetti, L., Musso, A., 2017. Loan supply shocks and the business cycle. Journal of Applied Econometrics 32 (4), 764–782.

  20. Granziera, E., Moon, H. R., Schorfheide, F., 2018. Inference for vars identified with sign restrictions.

  21. Gunji, H., Yuan, Y., 2010. Bank profitability and the bank lending channel: Evidence from China. Journal of Asian Economics 21 (2), 129–141.

  22. He, D., Wang, H., Yu, X., 2015. Interest rate determination in China: Past, present, and future. International Journal of Central Banking 11 (4), 255–277.

  23. He, Q., Leung, P.-H., Chong, T. T.-L., 2013. Factor-augmented VAR analysis of the monetary policy in China. China Economic Review 25, 88–104.

  24. Hou, X., Wang, Q., 2013. Implications of banking marketization for the lending channel of monetary policy transmission: Evidence from China. Journal of Macroeconomics 38, 442– 451.

  25. Hristov, N., Hülsewig, O., Wollmershäuser, T., 2012. Loan supply shocks during the financial crisis: Evidence for the euro area. Journal of International Money and Finance 31 (3), 569– 592.

  26. Jarociński, M., Karadi, P., 2019. Deconstructing monetary policy surprises — The role of information shocks. American Economic Journal: Macroeconomics (forthcoming).
    Paper not yet in RePEc: Add citation now

  27. Kamber, G., Mohanty, M., 2018. Do interest rates play a major role in monetary policy transmission in China? BIS Working Papers 714, Bank for International Settlements.

  28. Kashyap, A. K., Stein, J. C., 1995. The impact of monetary policy on bank balance sheets. Carnegie-Rochester Conference Series on Public Policy 42 (0), 151–195.

  29. Kilian, L., Murphy, D. P., 2014. The role of inventories and speculative trading in the global market for crude oil. Journal of Applied Econometrics 29 (3), 454–478.

  30. Kishan, R. P., Opiela, T. P., 2012. Monetary policy, bank lending, and the risk-pricing channel. Journal of Money, Credit and Banking 44 (4), 573–602.

  31. Moon, H. R., Schorfheide, F., 2012. Bayesian and frequentist inference in partially identified models. Econometrica 80 (2), 755–782.

  32. PBC, 2012. China financial stability report 2012. Financial Stability Analysis Group of the People’s Bank of China. Tech. rep.
    Paper not yet in RePEc: Add citation now

  33. Ramey, V., 2016. Macroeconomic shocks and their propagation. In: Taylor, J. B., Uhlig, H. (Eds.), Handbook of Macroeconomics. Vol. 2 of Handbook of Macroeconomics. Elsevier, Ch. 2, pp. 71–162.

  34. Stock, J. H., Watson, M. W., 1998. Diffusion indexes. Working Paper 6702, National Bureau of Economic Research.
    Paper not yet in RePEc: Add citation now
  35. Stock, J. H., Watson, M. W., 2012. Disentangling the channels of the 2007–09 recession. Brookings Papers on Economic Activity: Spring 2012, 81–135.
    Paper not yet in RePEc: Add citation now

  36. Uhlig, H., 1994. What macroeconomists should know about unit roots: A Bayesian perspective. Econometric Theory 10 (3-4), 645–671.

Cocites

Documents in RePEc which have cited the same bibliography

  1. Monetary policy and the corporate bond market: How important is the Fed information effect?. (2021). Suarez, Gustavo ; Smolyansky, Michael.
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2021-10.

    Full description at Econpapers || Download paper

  2. Exchange rates and the information channel of monetary policy. (2020). Holtemöller, Oliver ; Holtemoller, Oliver ; Kwak, Boreum ; Kriwoluzky, Alexander.
    In: IWH Discussion Papers.
    RePEc:zbw:iwhdps:172020.

    Full description at Econpapers || Download paper

  3. Monetary policy surprises and exchange rate behavior. (2020). Lee, Sang Seok ; Gürkaynak, Refet ; Kara, Ali Hakan ; Gurkaynak, Refet S ; Kisacikolu, Burin.
    In: CFS Working Paper Series.
    RePEc:zbw:cfswop:642.

    Full description at Econpapers || Download paper

  4. European household and business expectations during COVID-19: Towards a v-shaped recovery in confidence?. (2020). Ambrocio, Gene.
    In: BoF Economics Review.
    RePEc:zbw:bofecr:62020.

    Full description at Econpapers || Download paper

  5. The Time-Varying Effect of Monetary Policy on Asset Prices. (2020). Paul, Pascal.
    In: The Review of Economics and Statistics.
    RePEc:tpr:restat:v:102:y:2020:i:4:p:690-704.

    Full description at Econpapers || Download paper

  6. Self-fulfillment degree of economic expectations within an integrated space: The European Union case study. (2020). Dobrescu, Emilian.
    In: Journal for Economic Forecasting.
    RePEc:rjr:romjef:v::y:2020:i:4:p:5-32.

    Full description at Econpapers || Download paper

  7. Monetary Policy Surprises and Exchange Rate Behavior. (2020). Lee, Sang Seok ; Kısacıkoğlu, Burçin ; Kara, Hakan ; Gürkaynak, Refet ; Kisacikolu, Burin ; Gurkaynak, Refet S.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:27819.

    Full description at Econpapers || Download paper

  8. Forward Guidance and Household Expectations. (2020). Weber, Michael ; Gorodnichenko, Yuriy ; Georgarakos, Dimitris ; Coibion, Olivier.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:26778.

    Full description at Econpapers || Download paper

  9. Euro Area Monetary Communications: Excess Sensitivity and Perception Shocks. (2020). Mikaliunaite, Ieva ; Jouvanceau, Valentin.
    In: Bank of Lithuania Working Paper Series.
    RePEc:lie:wpaper:79.

    Full description at Econpapers || Download paper

  10. Formation of inflation expectations: Does macroeconomic and policy environment matter?. (2020). Kara, Hakan ; Gulsen, Eda.
    In: Koç University-TUSIAD Economic Research Forum Working Papers.
    RePEc:koc:wpaper:2017.

    Full description at Econpapers || Download paper

  11. Forward Guidance and Household Expectations. (2020). Weber, Michael ; Gorodnichenko, Yuriy ; Coibion, Olivier ; Georgarakos, Dimitris.
    In: IZA Discussion Papers.
    RePEc:iza:izadps:dp12979.

    Full description at Econpapers || Download paper

  12. The Effect of the ECB’s Forward Guidance on Interest Rate Forecasts. (2020). Mohr, Oliver ; Heins, Jan ; Fendel, Ralf.
    In: International Journal of Economics and Finance.
    RePEc:ibn:ijefaa:v:12:y:2020:i:8:p:52.

    Full description at Econpapers || Download paper

  13. The interaction between macroprudential and monetary policies: The cases of Norway and Sweden. (2020). Zhang, Xin ; Juelsrud, Ragnar ; Grodecka, Anna ; Dinger, Valeriya ; Cao, Jin.
    In: Working Paper Series.
    RePEc:hhs:rbnkwp:0392.

    Full description at Econpapers || Download paper

  14. Issues Regarding the Use of the Policy Rate Tool. (2020). Zarutskie, Rebecca ; King, Thomas ; Campbell, Jeffrey ; Orlik, Anna .
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2020-70.

    Full description at Econpapers || Download paper

  15. Monetary policy and systemic risk-taking in the euro area banking sector. (2020). Kabundi, Alain ; de Simone, Francisco Nadal .
    In: Economic Modelling.
    RePEc:eee:ecmode:v:91:y:2020:i:c:p:736-758.

    Full description at Econpapers || Download paper

  16. Central bank information effects and transatlantic spillovers. (2020). Jarociński, Marek ; Jarociski, Marek.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20202482.

    Full description at Econpapers || Download paper

  17. Disciplining expectations and the forward guidance puzzle. (2020). Müller, Tobias ; Mazelis, Falk ; Muller, Tobias ; Montes-Galdon, Carlos ; Christoffel, Kai.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20202424.

    Full description at Econpapers || Download paper

  18. Exchange Rates and the Information Channel of Monetary Policy. (2020). Holtemöller, Oliver ; Kwak, Boreum ; Kriwoluzky, Alexander ; Holtemoller, Oliver.
    In: Discussion Papers of DIW Berlin.
    RePEc:diw:diwwpp:dp1906.

    Full description at Econpapers || Download paper

  19. Has the Information Channel of Monetary Policy Disappeared? Revisiting the Empirical Evidence. (2020). Hoesch, Lukas ; Rossi, Barbara ; Sekhposyan, Tatevik.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:14456.

    Full description at Econpapers || Download paper

  20. International and domestic interactions of macroprudential and monetary policies: the case of Chile. (2020). Moreno, David ; Gomez, Tomas ; Jara, Alejandro.
    In: Working Papers Central Bank of Chile.
    RePEc:chb:bcchwp:870.

    Full description at Econpapers || Download paper

  21. Monetary Policy Surprises and Exchange Rate Behavior. (2020). Gürkaynak, Refet ; Kisacikoglu, Burcin ; Kara, Hakan A ; Gurkaynak, Refet S.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_8557.

    Full description at Econpapers || Download paper

  22. Forward Guidance and Household Expectations. (2020). Weber, Michael ; Gorodnichenko, Yuriy ; Coibion, Olivier ; Georgarakos, Dimitris.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_8118.

    Full description at Econpapers || Download paper

  23. The interaction between macroprudential policy and monetary policy: overview. (2020). Sinha, Sonalika ; Reinhardt, Dennis ; Meunier, Baptiste ; Lloyd, Simon ; Cao, Jin ; Bussiere, Matthieu ; Styrin, Konstantin ; Sowerbutts, Rhiannon ; Shina, Sonalika ; Pedrono, Justine ; Hills, Robert ; de Haan, Jakob.
    In: Bank of England working papers.
    RePEc:boe:boeewp:0886.

    Full description at Econpapers || Download paper

  24. The missing link: monetary policy and the labor share. (2020). Leon-Ledesma, Miguel ; ferroni, filippo ; Cantore, Cristiano.
    In: Bank of England working papers.
    RePEc:boe:boeewp:0857.

    Full description at Econpapers || Download paper

  25. Private Sector Debt, Financial Constraints, and the Effects of Monetary Policy: Evidence from the US. (2020). Scharler, Johann ; Breitenlechner, Max.
    In: Oxford Bulletin of Economics and Statistics.
    RePEc:bla:obuest:v:82:y:2020:i:4:p:889-915.

    Full description at Econpapers || Download paper

  26. Has the Information Channel of Monetary Policy Disappeared? Revisiting the Empirical Evidence. (2020). Sekhposyan, Tatevik ; Hoesch, Lukas ; Rossi, Barbara.
    In: Working Papers.
    RePEc:bge:wpaper:1158.

    Full description at Econpapers || Download paper

  27. Forward Guidance and Household Expectations. (2020). Weber, Michael ; Gorodnichenko, Yuriy ; Coibion, Olivier ; Georgarakos, Dimitris.
    In: Working Papers.
    RePEc:bfi:wpaper:2020-07.

    Full description at Econpapers || Download paper

  28. Forward Guidance Matters: disentangling monetary policy shocks. (2020). Ferreira, Leonardo.
    In: Working Papers Series.
    RePEc:bcb:wpaper:530.

    Full description at Econpapers || Download paper

  29. Forward Guidance and Expectation Formation: A Narrative Approach. (2020). Sutherland, Christopher.
    In: Staff Working Papers.
    RePEc:bca:bocawp:20-40.

    Full description at Econpapers || Download paper

  30. On the effectiveness of the European Central Banks conventional and unconventional policies under uncertainty. (2020). Pfarrhofer, Michael ; Hauzenberger, Niko ; Stelzer, Anna.
    In: Papers.
    RePEc:arx:papers:2011.14424.

    Full description at Econpapers || Download paper

  31. Policy Language and Information Effects in the Early Days of Federal Reserve Forward Guidance. (2020). Lunsford, Kurt G.
    In: American Economic Review.
    RePEc:aea:aecrev:v:110:y:2020:i:9:p:2899-2934.

    Full description at Econpapers || Download paper

  32. Information Effects of Euro Area Monetary Policy. (2019). Kerssenfischer, Mark.
    In: Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy.
    RePEc:zbw:vfsc19:203524.

    Full description at Econpapers || Download paper

  33. Measuring euro area monetary policy. (2019). Gürkaynak, Refet ; Brugnolini, Luca ; Altavilla, Carlo ; Ragusa, Giuseppe ; Motto, Roberto ; Gurkaynak, Refet S ; Carlo Altavilla , .
    In: CFS Working Paper Series.
    RePEc:zbw:cfswop:624.

    Full description at Econpapers || Download paper

  34. Information effects of euro area monetary policy: New evidence from high-frequency futures data. (2019). Kerssenfischer, Mark.
    In: Discussion Papers.
    RePEc:zbw:bubdps:072019.

    Full description at Econpapers || Download paper

  35. Macroeconomic Effects of the ECBs Forward Guidance. (2019). Zlobins, Andrejs.
    In: Working Papers.
    RePEc:ltv:wpaper:201903.

    Full description at Econpapers || Download paper

  36. Measuring euro area monetary policy. (2019). Gürkaynak, Refet ; Altavilla, Carlo ; Ragusa, Giuseppe ; Motto, Roberto ; Gurkaynak, Refet S ; Brugnolini, Luca ; Carlo Altavilla , .
    In: Journal of Monetary Economics.
    RePEc:eee:moneco:v:108:y:2019:i:c:p:162-179.

    Full description at Econpapers || Download paper

  37. Measuring euro area monetary policy. (2019). Gürkaynak, Refet ; Brugnolini, Luca ; Altavilla, Carlo ; Ragusa, Giuseppe ; Motto, Roberto.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20192281.

    Full description at Econpapers || Download paper

  38. Identifying and Estimating the Effects of Unconventional Monetary Policy: How to Do It And What Have We Learned?. (2019). Rossi, Barbara.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:14064.

    Full description at Econpapers || Download paper

  39. Measuring Euro Area Monetary Policy. (2019). Gürkaynak, Refet ; Brugnolini, Luca ; Altavilla, Carlo ; Ragusa, Giuseppe ; Motto, Roberto .
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:13759.

    Full description at Econpapers || Download paper

  40. Managing Households Expectations with Salient Economic Policies. (2019). Weber, Michael ; Hoang, Daniel ; D'Acunto, Francesco.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_7793.

    Full description at Econpapers || Download paper

  41. Measuring Euro Area Monetary Policy. (2019). Gürkaynak, Refet ; Brugnolini, Luca ; Altavilla, Carlo ; Ragusa, Giuseppe ; Motto, Roberto ; Gurkaynak, Refet S ; Carlo Altavilla , .
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_7699.

    Full description at Econpapers || Download paper

  42. Chinas monetary policy and the loan market : How strong is the credit channel in China?. (2019). Nuutilainen, Riikka ; Breitenlechner, Max .
    In: BOFIT Discussion Papers.
    RePEc:bof:bofitp:2019_015.

    Full description at Econpapers || Download paper

  43. Narrative monetary policy surprises and the media. (2019). Thorsrud, Leif ; Larsen, Vegard H ; Ellen, Saskia Ter.
    In: Working Papers.
    RePEc:bny:wpaper:0078.

    Full description at Econpapers || Download paper

  44. Unconventional monetary policy tools: a cross-country analysis. (2019). Bank for International Settlements, .
    In: CGFS Papers.
    RePEc:bis:biscgf:63.

    Full description at Econpapers || Download paper

  45. Imperfect information in macroeconomics. (2018). Ricco, Giovanni ; Hubert, Paul.
    In: Sciences Po publications.
    RePEc:spo:wpmain:info:hdl:2441/7rrg4irjh79549mkjh27en0pos.

    Full description at Econpapers || Download paper

  46. The effect of ECB forward guidance on the term structure of interest rates. (2018). Labondance, Fabien ; Hubert, Paul.
    In: Sciences Po publications.
    RePEc:spo:wpmain:info:hdl:2441/61ma1iq1299m89uud61kkjcjot.

    Full description at Econpapers || Download paper

  47. Understanding the Aspects of Federal Reserve Forward Guidance. (2018). Lunsford, Kurt.
    In: Working Papers (Old Series).
    RePEc:fip:fedcwp:1815.

    Full description at Econpapers || Download paper

  48. Deconstructing monetary policy surprises: the role of information shocks. (2018). Karadi, Peter ; Jarociński, Marek ; Jarociski, Marek.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20182133.

    Full description at Econpapers || Download paper

  49. Deconstructing Monetary Policy Surprises - The Role of Information Shocks. (2018). Karadi, Peter ; Jarociński, Marek.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:12765.

    Full description at Econpapers || Download paper

  50. The Effect of ECB Policy Announcements on Sovereign Yields: A Return to Normal Transmission?. (2018). Goodhead, Robert.
    In: Economic Letters.
    RePEc:cbi:ecolet:4/el/18.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-04-27 18:46:43 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated April, 14 2024. Contact: Jose Manuel Barrueco.