cointegration framework to examine whether Chinese interest rates are driven by the Fed's policy. In a second step, we estimate a … monetary model for China, in which we include also other monetary policy tools besides the central bank interest rate, namely … reserve requirement ratios and open market operations. Our results suggest China has been relatively successful in isolating …

cointegration framework to examine whether Chinese interest rates are driven by the Fed's policy. In a second step, we estimate a … monetary model for China, in which we include also other monetary policy tools besides the central bank interest rate, namely … reserve requirement ratios and open market operations. Our results suggest China has been relatively successful in isolating …

cointegration framework to examine whether Chinese interest rates are driven by the Fed’s policy. In a second step, we estimate a … monetary model for China, in which we include also other monetary policy tools besides the central bank interest rate, namely … reserve requirement ratios and open market operations. Our results suggest China has been relatively successful in isolating …

cointegration framework to examine whether Chinese interest rates are driven by the Fed’s policy. In a second step, we estimate a … monetary model for China, in which we include also other monetary policy tools besides the central bank interest rate, namely … reserve requirement ratios and open market operations. Our results suggest China has been relatively successful in isolating …

inflation in China. A novelty of this article is the use of a technique called impulse indicator saturation which allows us to … inflation in China. By and large, our fi ndings suggest that China has been able to insulate itself against shocks from the US …

zwischen geldpolitisch bestimmten Zinsen und längerfristigen Zinsen in den USA und in Deutschland an. Unsere Ergebnisse deuten … USA als auch in Deutschland, allerdings in nicht-linearer und komplexer Form. Drittens schlussfolgern wir, indem wir eine … Instrument der Geldpolitik suboptimal ist. …