Comparison of Monetary Policy Actions and Central Bank Communication on Tackling Asset Price Bubbles-Evidence from China's Stock Market

We examine the different effects of monetary policy actions and central bank communication on China's stock market bubbles with a Time-varying Parameter SVAR model. We find that with negative responses of fundamental component and positive responses of bubble component of asset prices, contract...

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Veröffentlicht in:PloS one 2016-11, Vol.11 (11), p.e0166526-e0166526
Hauptverfasser: Sun, Ou, Liu, Zhixin
Format: Artikel
Sprache:eng
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