The analysis of oil shock and monetary policy of China - Empirical research based on SVAR

Ronggang Cong; Xiaohui Wang

doi:10.1109/AIMSEC.2011.6010860

The analysis of oil shock and monetary policy of China - Empirical research based on SVAR

Ronggang Cong^*, Xiaohui Wang

^*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

Abstract

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.

Original language	English
Title of host publication	2011 2nd International Conference on Artificial Intelligence, Management Science and Electronic Commerce, AIMSEC 2011 - Proceedings
Pages	5184-5186
Number of pages	3
DOIs	https://doi.org/10.1109/AIMSEC.2011.6010860
Publication status	Published - 2011
Externally published	Yes
Event	2011 2nd International Conference on Artificial Intelligence, Management Science and Electronic Commerce, AIMSEC 2011 - Zhengzhou, China Duration: 8 Aug 2011 → 10 Aug 2011

Publication series

Name	2011 2nd International Conference on Artificial Intelligence, Management Science and Electronic Commerce, AIMSEC 2011 - Proceedings

Conference

Conference	2011 2nd International Conference on Artificial Intelligence, Management Science and Electronic Commerce, AIMSEC 2011
Country/Territory	China
City	Zhengzhou
Period	8/08/11 → 10/08/11

Keywords

Monetary policy response
Oil price shock
Structural VAR model

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10.1109/AIMSEC.2011.6010860

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Cong, R., & Wang, X. (2011). The analysis of oil shock and monetary policy of China - Empirical research based on SVAR. In 2011 2nd International Conference on Artificial Intelligence, Management Science and Electronic Commerce, AIMSEC 2011 - Proceedings (pp. 5184-5186). Article 6010862 (2011 2nd International Conference on Artificial Intelligence, Management Science and Electronic Commerce, AIMSEC 2011 - Proceedings). https://doi.org/10.1109/AIMSEC.2011.6010860

Cong, Ronggang ; Wang, Xiaohui. / The analysis of oil shock and monetary policy of China - Empirical research based on SVAR. 2011 2nd International Conference on Artificial Intelligence, Management Science and Electronic Commerce, AIMSEC 2011 - Proceedings. 2011. pp. 5184-5186 (2011 2nd International Conference on Artificial Intelligence, Management Science and Electronic Commerce, AIMSEC 2011 - Proceedings).

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title = "The analysis of oil shock and monetary policy of China - Empirical research based on SVAR",

abstract = "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.",

keywords = "Monetary policy response, Oil price shock, Structural VAR model",

author = "Ronggang Cong and Xiaohui Wang",

year = "2011",

doi = "10.1109/AIMSEC.2011.6010860",

language = "English",

isbn = "9781457705366",

series = "2011 2nd International Conference on Artificial Intelligence, Management Science and Electronic Commerce, AIMSEC 2011 - Proceedings",

pages = "5184--5186",

booktitle = "2011 2nd International Conference on Artificial Intelligence, Management Science and Electronic Commerce, AIMSEC 2011 - Proceedings",

note = "2011 2nd International Conference on Artificial Intelligence, Management Science and Electronic Commerce, AIMSEC 2011 ; Conference date: 08-08-2011 Through 10-08-2011",

}

Cong, R & Wang, X 2011, The analysis of oil shock and monetary policy of China - Empirical research based on SVAR. in 2011 2nd International Conference on Artificial Intelligence, Management Science and Electronic Commerce, AIMSEC 2011 - Proceedings., 6010862, 2011 2nd International Conference on Artificial Intelligence, Management Science and Electronic Commerce, AIMSEC 2011 - Proceedings, pp. 5184-5186, 2011 2nd International Conference on Artificial Intelligence, Management Science and Electronic Commerce, AIMSEC 2011, Zhengzhou, China, 8/08/11. https://doi.org/10.1109/AIMSEC.2011.6010860

The analysis of oil shock and monetary policy of China - Empirical research based on SVAR. / Cong, Ronggang; Wang, Xiaohui.
2011 2nd International Conference on Artificial Intelligence, Management Science and Electronic Commerce, AIMSEC 2011 - Proceedings. 2011. p. 5184-5186 6010862 (2011 2nd International Conference on Artificial Intelligence, Management Science and Electronic Commerce, AIMSEC 2011 - Proceedings).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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AU - Cong, Ronggang

AU - Wang, Xiaohui

PY - 2011

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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

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KW - Structural VAR model

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DO - 10.1109/AIMSEC.2011.6010860

M3 - Conference contribution

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SN - 9781457705366

T3 - 2011 2nd International Conference on Artificial Intelligence, Management Science and Electronic Commerce, AIMSEC 2011 - Proceedings

SP - 5184

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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 -

Cong R, Wang X. The analysis of oil shock and monetary policy of China - Empirical research based on SVAR. In 2011 2nd International Conference on Artificial Intelligence, Management Science and Electronic Commerce, AIMSEC 2011 - Proceedings. 2011. p. 5184-5186. 6010862. (2011 2nd International Conference on Artificial Intelligence, Management Science and Electronic Commerce, AIMSEC 2011 - Proceedings). doi: 10.1109/AIMSEC.2011.6010860

The analysis of oil shock and monetary policy of China - Empirical research based on SVAR

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