Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212686 
Authors: 
Year of Publication: 
2010
Series/Report no.: 
BOFIT Discussion Papers No. 18/2010
Publisher: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Abstract: 
This paper studies the wealth channel in China. Using the structural vector autoregression method, we find that a loosening of China.s monetary policy indeed leads to higher asset prices, which in turn are linked to household consumption. However, the importance of the wealth channel as a part of the monetary policy transmission mechanism in China is still limited.
Subjects: 
China
monetary policy
asset prices
JEL: 
E52
P24
Persistent Identifier of the first edition: 
ISBN: 
978-952-462-693-4
Document Type: 
Working Paper

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