• 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