DocumentCode
571401
Title
Analysis on China Business Cycle: A DSGE Approach
Author
Yinghuan, Hu
Author_Institution
Sch. of Econ., Xiamen Univ., Xiamen, China
fYear
2012
fDate
18-21 Aug. 2012
Firstpage
360
Lastpage
364
Abstract
This paper estimates and simulates a sticky-price dynamic stochastic general-equilibrium model with a financial accelerator, to find out the relative importance of sources inducing China economy fluctuation. The estimation and simulation results provide quantitative evidence that supply factors are the main source. The importance of demand side factors for output fluctuation is relatively minor, so authorities should pay more attention on supply capacity.
Keywords
autoregressive processes; economic cycles; pricing; China business cycle; China economy fluctuation; DSGE approach; autoregressive processes; demand side factors; financial accelerator; output fluctuation; sticky-price dynamic stochastic general-equilibrium model; supply factors; Economic indicators; Electric shock; Estimation; Investments; Production; Business cycles; DSGE Modelling; Financial accelerator; Sticky prices;
fLanguage
English
Publisher
ieee
Conference_Titel
Business Intelligence and Financial Engineering (BIFE), 2012 Fifth International Conference on
Conference_Location
Lanzhou
Print_ISBN
978-1-4673-2092-4
Type
conf
DOI
10.1109/BIFE.2012.82
Filename
6305145
Link To Document