DocumentCode
2396717
Title
Technology Shocks and Monetary Policy in China
Author
Wan, Jieqiu ; Xu, Tao
Author_Institution
Sch. of Bus., Soochow Univ., Suzhou, China
fYear
2010
fDate
7-9 May 2010
Firstpage
1249
Lastpage
1252
Abstract
In this paper, we construct an open-economy dynamic stochastic general equilibrium (DSGE) model to study the impact of the technology shocks on monetary policy in China. We find technology shocks have a more significant and direct impact on both monetary policy transmission channels and targets in China. It is necessary to pay close attention to technology shocks in making monetary policy and respond to it appropriately.
Keywords
government policies; stochastic processes; utility theory; China; monetary policy targets; monetary policy transmission channels; open economy dynamic stochastic general equilibrium model; technology shocks; Biological system modeling; Economics; Electric shock; Equations; Investments; Production; Public finance; DSGE model; Monetary policy; Open economy; Technology shocks;
fLanguage
English
Publisher
ieee
Conference_Titel
E-Business and E-Government (ICEE), 2010 International Conference on
Conference_Location
Guangzhou
Print_ISBN
978-0-7695-3997-3
Type
conf
DOI
10.1109/ICEE.2010.320
Filename
5590652
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