TY - GEN
T1 - The analysis of oil shock and monetary policy of China - Empirical research based on SVAR
AU - Cong, Ronggang
AU - Wang, Xiaohui
PY - 2011
Y1 - 2011
N2 - Given the time series quarterly data of China from 1993 to 2006, we apply the SVAR model to analysis the effect of oil shock on GDP and price index of China and the monetary policy the government should take facing oil shock. The empirical result shows that the effects of oil shock on inflation and GDP are asymmetry, central bank can decrease the interests and put in currencies to regulate the macro economy.
AB - Given the time series quarterly data of China from 1993 to 2006, we apply the SVAR model to analysis the effect of oil shock on GDP and price index of China and the monetary policy the government should take facing oil shock. The empirical result shows that the effects of oil shock on inflation and GDP are asymmetry, central bank can decrease the interests and put in currencies to regulate the macro economy.
KW - Monetary policy response
KW - Oil price shock
KW - Structural VAR model
UR - http://www.scopus.com/inward/record.url?scp=80053286121&partnerID=8YFLogxK
U2 - 10.1109/AIMSEC.2011.6010860
DO - 10.1109/AIMSEC.2011.6010860
M3 - Conference contribution
AN - SCOPUS:80053286121
SN - 9781457705366
T3 - 2011 2nd International Conference on Artificial Intelligence, Management Science and Electronic Commerce, AIMSEC 2011 - Proceedings
SP - 5184
EP - 5186
BT - 2011 2nd International Conference on Artificial Intelligence, Management Science and Electronic Commerce, AIMSEC 2011 - Proceedings
T2 - 2011 2nd International Conference on Artificial Intelligence, Management Science and Electronic Commerce, AIMSEC 2011
Y2 - 8 August 2011 through 10 August 2011
ER -