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Full-Text Articles in International Economics
Empirical Analysis Of China’S Exchange Rate And Macroeconomic Policy, Jia Ji
Empirical Analysis Of China’S Exchange Rate And Macroeconomic Policy, Jia Ji
Dissertations, Theses, and Capstone Projects
This dissertation examines the effects of exchange rate and macroeconomic policy in China. It consists of three chapters. Chapter 1 explores the dynamics of monetary transmission mechanism. As China’s domestic financial markets deepen and develop further toward a market-based system, the country’s monetary policy transmission should continue to improve in the sense that the policy instrument’s influence on economic conditions increases in magnitude and stabilized across time. Using a short-term key interest rate as a standard monetary policy tool and time-varying parameter techniques, this study empirically demonstrates that China’s monetary policy framework is in the midst of transitioning to a …
Three Essays On Fiscal Policy, Sinem Buber Singh
Three Essays On Fiscal Policy, Sinem Buber Singh
Dissertations, Theses, and Capstone Projects
This dissertation examines the domestic and international effects of fiscal policy shocks on country risk, stock markets returns and trading partners. There are three essays in this study.
First essay examines the relative impacts of macroeconomic, financial and political variables on country risk for five advanced economies; the US, the UK, Canada and Singapore for 1984:M1-2014:M12 and Germany for 1990:M9-2014:M12 time periods. To do so, I follow a two stage estimation procedure. In the first stage, a CAPM is used to estimate time-variant country betas which are used as a proxy for country risk by using a DCC-GARCH model. Then, …