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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Publicado en:MAGKS - Joint Discussion Paper Series in Economics (Band 06-2018)
Autores principales: Chen, Hongyi, Li, Ran, Tillmann, Peter
Formato: Artículo
Lenguaje:inglés
Publicado: Philipps-Universität Marburg 2017
Materias:
firm-level data
state-owned enterprises
VAR
financial system
state-dependent local projections
monetary transmission
Wirtschaft
Economics
Acceso en línea:Texto Completo PDF
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MAGKS - Joint Discussion Paper Series in Economics

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