Chinese Small-scale Quarterly Macroeconomic Model under Indirect Regulation of Monetary Policy

摘要：

Using data after 1998, we have established a small quarterly macro-economic model for China including five modules as aggregate demand, aggregate supply, price, finance and money, which embodies in 47 equations. The main empirical result shows this model has a good theory explanation for Chinese economy. Based on this, we also simulate the affect that U.S. economy decline, deposit and loan interest rates down-regulation against major domestic economic variables. The policy implication shows that under the current context of U.S. economy decline, national policy should focus on stimulating consumption and optimizing investment, which in line with the basic points of current policy.

作者: Xiaoli Sun Jiawei Zhang Yanmin Shao Xiaoguang Yang

作者单位: Academy of Mathematics and Systems Science, CAS, Beijing, 100190

会议类型: 国际会议

会议名称: The Second International Joint Conference on Computational Science and Optimization(CSO 2009)(2009 国际计算科学与优化会议)

会议地点: 三亚

会议语种:英文

页码: 1020-1022

在线出版日期: 2009-04-24（万方平台首次上网日期，不代表论文的发表时间）