Credit Market Imperfection and Sectoral Asymmetry of Chinese Business Cycle /
This paper analyzes the role of credit market imperfection and sectoral asymmetry as a means through which shocks to the real economy are propagated and amplified. Drawing on firm-level data to calibrate the model, our simulations capture two key stylized facts of the Chinese economy: that credit co...
| Auteur principal: | |
|---|---|
| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
2011.
|
| Collection: | IMF Working Papers; Working Paper ;
No. 2011/118 |
| Accès en ligne: | Full text available on IMF |