Pushing on a String: State-Owned Enterprises and Monetary Policy Transmission in China

Pushing on a String: State-Owned Enterprises and Monetary Policy Transmission in China

This paper studies whether monetary transmission in China is asymmetric. While researchers found an asymmetric transmission in the U.S. and other economies, China offers a specific rationale for asymmetries: the presence of state-owned enterprises (SOEs) enjoying preferential access to financing...

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Vydáno v:MAGKS - Joint Discussion Paper Series in Economics (Band 06-2018)
Hlavní autoři: Chen, Hongyi, Li, Ran, Tillmann, Peter
Médium: Článek
Jazyk:angličtina
Vydáno: Philipps-Universität Marburg 2017
Témata:
firm-level data
state-owned enterprises
VAR
financial system
state-dependent local projections
monetary transmission
Wirtschaft
Economics
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MAGKS - Joint Discussion Paper Series in Economics

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