The People's bank of China's response to the coronavirus pandemic: A quantitative assessment

M Funke, A Tsang - Economic Modelling, 2020 - Elsevier
Abstract The People's Bank of China (PBoC) has implemented numerous measures to
cushion the impacts of the COVID-19 health crisis on the Chinese economy. Since the …

The effectiveness of monetary policy in China: Evidence from a Qual VAR

H Chen, K Chow, P Tillmann - China Economic Review, 2017 - Elsevier
Analyzing monetary policy in China is not straightforward because the People's Bank of
China (PBoC) implements policy by using more than one instrument. In this paper we use a …

Geopolitical risks and energy uncertainty: Implications for global and domestic energy prices

H Yilmazkuday - Energy Economics, 2024 - Elsevier
This paper investigates the interaction between global geopolitical risks and global energy
uncertainty by focusing on their implications for global and domestic energy prices of 157 …

Do interest rates play a major role in monetary policy transmission in China?

G Kamber, MS Mohanty - 2018 - papers.ssrn.com
We explore the role of interest rates in monetary policy transmission in China in the context
of its multiple instrument setting. In doing so, we construct a new series of monetary policy …

Macroprudential policy, central banks and financial stability: Evidence from China

J Klingelhöfer, R Sun - Journal of International Money and Finance, 2019 - Elsevier
We study the Chinese experience and provide evidence that central banks can play an
active role in safeguarding financial stability. The narrative approach is used to disentangle …

Monetary policy uncertainty in China

H Chen, P Tillmann - Journal of International Money and Finance, 2021 - Elsevier
We propose a new measure of uncertainty about the monetary policy of the People's Bank of
China (PBOC). The uncertainty index is extracted from the reporting about the PBOC's …

Monetary policy announcements and market interest rates' response: Evidence from China

R Sun - Journal of Banking & Finance, 2020 - Elsevier
This paper examines the daily responses of market interest rates to three monetary policy
announcements in China using the event-study approach. I find that the interest rate …

Time-varying effects of international nonferrous metal price shocks on China's industrial economy

M Zhong, R He, J Chen, J Huang - Physica A: Statistical Mechanics and its …, 2019 - Elsevier
This study aims to investigate the relationship between international nonferrous metal prices
and industrial economic variables. To this end, we propose a new extended time-varying …

Asymmetries in multi-target monetary policy rule and the role of uncertainty: Evidence from China

S Long, Y Zuo, H Tian - Economic Analysis and Policy, 2023 - Elsevier
Have monetary policies asymmetrically responded to targets besides output and inflation?
Multiple targets have been found to exist for monetary authority, and uncertainty is having a …

From a quantity to an interest rate‐based framework: multiple monetary policy instruments and their effects in China

S Kim, H Chen - Journal of Money, Credit and Banking, 2022 - Wiley Online Library
This paper investigates the effects of various monetary policy instruments in China with the
structural vector autoregression model. Empirical results are as follows. The effects of …