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...
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| 格式: | 雜誌 |
| 語言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2011.
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| 叢編: | IMF Working Papers; Working Paper ;
No. 2011/118 |
| 在線閱讀: | Full text available on IMF |