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Trends and Cycles in China's Macroeconomy

Author

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  • Kaiji Chen

    (Emory University)

Abstract

We make three contributions in this paper. First, we provide a core of macroeconomic time series usable for systematic studies on China's macroeconomy. Second, we document, through various empirical methods, the robust findings about the striking patterns of trend and cycle. Third, we build a theoretical model that accounts for these facts. The model's mechanism and assumptions are supported by institutional details and disaggregated time series distinctive of Chinese characteristics.

Suggested Citation

  • Kaiji Chen, 2015. "Trends and Cycles in China's Macroeconomy," 2015 Meeting Papers 145, Society for Economic Dynamics.
  • Handle: RePEc:red:sed015:145
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Chen, Kaiji & Ren, Jue & Zha, Tao, 2016. "What we learn from China's rising shadow banking: exploring the nexus of monetary tightening and banks' role in entrusted lending," FRB Atlanta Working Paper 2016-1, Federal Reserve Bank of Atlanta.
    2. Ayşe İmrohoroğlu & Kai Zhao, 2017. "The Chinese Saving Rate: Long-Term Care Risks, Family Insurance, and Demographics," Working papers 2017-17, University of Connecticut, Department of Economics.
    3. Chow, Gregory C, 2016. "Important laws governing China's macro-economy," Journal of Comparative Economics, Elsevier, vol. 44(2), pages 289-294.
    4. Chen, Kaiji & Waggoner, Daniel F. & Higgins, Patrick C. & Zha, Tao, 2016. "Impacts of Monetary Stimulus on Credit Allocation and Macroeconomy: Evidence from China," FRB Atlanta Working Paper 2016-9, Federal Reserve Bank of Atlanta, revised 01 Oct 2017.
    5. Higgins, Patrick & Zha, Tao & Zhong, Wenna, 2016. "Forecasting China's economic growth and inflation," China Economic Review, Elsevier, vol. 41(C), pages 46-61.
    6. Steven Lugauer & Jinlan Ni & Zhichao Yin, 2014. "Micro-Data Evidence on Family Size and Chinese Saving Rates," Working Papers 023, University of Notre Dame, Department of Economics, revised Jun 2014.
    7. repec:eee:inecon:v:109:y:2017:i:c:p:43-67 is not listed on IDEAS
    8. Nadav Ben Zeev, 2017. "Exchange Rate Regimes And Sudden Stops," Working Papers 1712, Ben-Gurion University of the Negev, Department of Economics.

    More about this item

    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • G1 - Financial Economics - - General Financial Markets

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