Understanding the Interaction of Chinese Fiscal and Monetary Policy

Interaction of fiscal and monetary policy is crucial for macroeconomic stability, especially for an economy with downward pressure as well as a tightened space for macro policy, like China. In this paper, we use a time-varying-parameter (TVP-VAR) model to study Chinese fiscal–monetary interaction an...

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Bibliographic Details
Main Authors: Zehua Luan, Xiangyu Man, Xuan Zhou
Format: Article
Language:English
Published: MDPI AG 2021-09-01
Series:Journal of Risk and Financial Management
Subjects:
Online Access:https://www.mdpi.com/1911-8074/14/9/416