Luan, Zehua; Man, Xiangyu; Zhou, Xuan - In: Journal of risk and financial management : JRFM 14 (2021) 9, pp. 1-13
Interaction of fiscal and monetary policy is crucial for macroeconomic stability, especially for an economy with downward pressure as well as a tightened space for macro policy, like China. In this paper, we use a time-varying-parameter (TVP-VAR) model to study Chinese fiscal-monetary...
