Wu, Huabin; Xu, Zhenyang; Yan, Ping - In: China economic quarterly international : CEQI 2 (2022) 2, pp. 151-163
We build a dynamic stochastic general equilibrium (DSGE) model with financial repression and conduct estimation and … the model features SOE monopoly and financial repression. We find that under current situation, fiscal policy should play … private firms' limited access to credit can be attributed to financial repression and SOE monopoly, financial repression is a …