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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Pubblicato in:MAGKS - Joint Discussion Paper Series in Economics (Band 06-2018)
Autori principali: Chen, Hongyi, Li, Ran, Tillmann, Peter
Natura: Articolo
Lingua:inglese
Pubblicazione: Philipps-Universität Marburg 2017
Soggetti:
firm-level data
state-owned enterprises
VAR
financial system
state-dependent local projections
monetary transmission
Wirtschaft
Economics
Accesso online:PDF Full Text
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MAGKS - Joint Discussion Paper Series in Economics

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