We use a broad set of Chinese economic indicators and a dynamic factor model framework
to estimate Chinese economic activity and inflation as latent variables. We incorporate these …

Analyzing monetary policy in China is not straightforward because the People's Bank of
China (PBoC) implements policy by using more than one instrument. In this paper we use a …

We investigate the transmission mechanism of monetary policy in China over the past
decades with emphasis on the post-Asian crisis period. A factor-augmented VAR method is …

Structural vector autoregressions (VARs) are widely used to trace out the effect of monetary
policy innovations on the economy. However, the sparse information sets typically used in …

This paper examines whether institutional changes have affected the interaction between
the real economy and monetary policy in China. We find evidence that structural changes in …

I investigate the effectiveness of both conventional and unconventional Japanese monetary
policy measures targeting either the short-term interest rate or the monetary base. Using a …

This paper investigates the responsiveness of the Chinese government's monetary policies
in terms of the money supply and interest rates to economic conditions and the effectiveness …

In this paper, we test the differential effects of monetary policy shock on aspects of banks'
balance sheets (deposits, loans, and securities) across bank categories (aggregate banks …

This paper analyses monetary policy evolution in China, focusing on the period from 1998 to
2002. Using correlation analysis and Granger-causality tests, this paper demonstrates that …

This paper asks whether the BoJ's recent experience with unconventional monetary easing
has been effective in supporting economic activity and inflation. Using a structural VAR …