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 :
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