Monetary policy shocks and the signaling channel of monetary policy in China

This paper identifies exogenous monetary policy shocks based on the high frequency transaction data of China's interest rate swap market, and explores the ‘signaling channel’ of monetary policy by investigating the transmission of different monetary policy instruments on economic activities at...

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Bibliographic Details
Main Authors: Zhenzhu Chen, Li Li, Changhua Yu
Format: Article
Language:English
Published: KeAi Communications Co. Ltd. 2023-03-01
Series:China Economic Quarterly International
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2666933123000047