论文

A Study on the Nonlinear Correlation between the Chinese and US Business Cycles and the Monetary Policy Rule

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作者

刘金全 (1964-),男,吉林大学数量经济研究中心教授,博士生导师,主要研究方向为宏观经济计量分析。

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A Study on the Nonlinear Correlation between the Chinese and US Business Cycles and the Monetary Policy Rule

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论文目录

  • 1 Introduction
  • 2 Theoretical Analysis and Literature Review
    1. 2.1 Literature Review
    2. 2.2 Theoretical Framework
  • 3 Re-Estimation of Nonlinear Taylor Rule for China and the US
    1. 3.1 A Taylor Rule Model Accounting for Interest Rate Smoothing
    2. 3.2 Application of Multiple Threshold Model to the Expanded Taylor Rule
      1. 3.2.1 Data Processing
      2. 3.2.2 Estimating the Multiple Threshold Taylor Rule Model
      3. 3.2.3 Estimating the Multiple Threshold Taylor Rules Model for China and the US
  • 4 A Dynamic Empirical Analysis by LT-TVP-VAR Model
    1. 4.1 Estimating the Parameter for the LT-TVP-VAR Model
    2. 4.2 LT-TVP-VAR Based on the New Keynesian Rational Expectations Framework
  • 5 Conclusions

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