China monetary policy, as well as its transmission, is yet to be understood by researchers and policymakers. In the … spirit of Taylor (1993, 2000), we develop a tractable framework that approximates practical monetary policy of China. The …

This paper studies whether monetary transmission in China is asymmetric. While researchers found an asymmetric … transmission in the U.S. and other economies, China offers a specific rationale for asymmetries: the presence of state … provide evidence of a systematic and sizable asymmetry in the transmission of monetary policy shocks in China. The nature of …

Financial markets are eager for any signal of monetary policy from the People's Bank of China (PBC). The importance of … effective monetary policy communication will only increase as China continues to liberalize its financial system and open its …