A Comparative Study of the Business Cycles Of China and the United States
A Comparative Study of the Business Cycles Of China and the United States
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发表时间：
2007
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通讯作者：
Wang Yan-jun
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作者：
Wang Yan-jun
本文运用基德兰德和普雷斯科特方法，对中美两国经济周期的波动性和周期性特征进行了比较研究。结果表明，两国的汇率波动，尤其是名义变量的波动存在明显差异。从理论上讲，这些差异表明，要建立适合中国的经济模式，必须立足于中国自身的经济特点，而不是其他国家的经济特点。在现实中，中国应完善金融体系，减少名义变量对真实的经济的影响，以保证经济的稳定增长。
Based on the Kydland and Prescott method, this paper makes a comparative study of the fluctuation and periodical characteristics of the business cycles of China and the United States. It shows that the fluctuation, especially the fluctuation of nominal variables, of the two countries are obviously different. In theory, these differences demonstrate that in order to build an economic model suited to Chine, it must be based on China's own economic characteristics instead of those of other countries'. In reality, China should improve its financial system and reduce the effect of nominal variables on real economy in order to assure the steady growth of its economy.