On Financial Accelerator Effect in China: Based on DSGE Model Analysis
On Financial Accelerator Effect in China: Based on DSGE Model Analysis
复制标题
DOI：
10.1109/icee.2012.1462
复制
发表时间：
2012-05
期刊：
影响因子：
--
通讯作者：
Lanfeng Liu;Shenguo Yuan
中科院分区：
文献类型：
--
作者：
Lanfeng Liu;Shenguo Yuan
This paper set up a DSGE model, uses 1994-2008 quarterly data in China to carry on the value simulation. Through analyzing pulse response chart, the volatility and the autocorrelation, discovered that the model including the financial accelerator can better explain the actual data, the finance accelerator mechanism is help to enlarge and disseminate the effect which investment and yield are attacked temporarily. This conclusion has confirmed the existence of financial accelerator effect in China from the micro-level, and confirmed the fact that credit market friction in China to cause the financial accelerator mechanism.
