Zhao, Yingyi (2019) The Transmission of Monetary Shocks in a Multi-Region Economy: The Case of China. Asian Social Science, 15 (4). p. 1. ISSN 1911-2017
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Abstract
This paper constructs a sticky price Dynamic Stochastic General Equilibrium model with multi-regions. Producers from different regions would range in price rigidity, production function, the regional structures of intermediate inputs. That is, firms from each area, can get intermediates and investments from all the regions in the country following the empirical Multi-region Input-Output table in China. Different from the previous symmetry model, the model in this paper allows idiosyncratic regional dynamics to the national monetary shocks. This model is calculated by the Bayesian estimation method using the regional and aggregate China empirical data.
Item Type: | Article |
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Subjects: | OA Library Press > Social Sciences and Humanities |
Depositing User: | Unnamed user with email support@oalibrarypress.com |
Date Deposited: | 11 May 2024 09:54 |
Last Modified: | 11 May 2024 09:54 |
URI: | http://archive.submissionwrite.com/id/eprint/1395 |