This study examines the relationship between the monetary policy and the labour share in China's industrial enterprises sector, by using large scale firm-level panel data covering from 1998 to 2007. The favourable monetary policy shocks significantly negatively impact the labour share from a fixed effect method, which controls the firm and industry fixed effect. Moreover, the negative effect of monetary policy shocks on the SOEs is less than the non-SOEs. We also find a significant one-year lag effect of the monetary policy shocks on the labour share. Finally, we find some evidence about the influence of monetary policy on real wage and employment, which can provide some insight into the effect of monetary policy shocks on the labour share....
[[abstract]]Considerable controversy surrounds the issue of whether a revaluation of the Chinese cur...
This article explores whether monetary policy can account for the asymmetric job creation and job de...
This paper provides evidence of the impact of three important and general policies shaping the degre...
The textbook New-Keynesian (NK) model implies that the labor share is pro-cyclical conditional on a ...
The textbook New-Keynesian (NK) model implies that the labor share is pro-cyclical conditional on a ...
本文基于结构向量自回归(SVAR)模型的脉冲响应函数和方差分解,从利率、信贷、资产价格、汇率等货币政策传导变量的角度分析了1998年—2011年我国货币政策对产业结构的影响。研究发现,利率的上升使第一...
The textbook New-Keynesian (NK) model implies that the labor share is pro-cyclical conditional on a...
运用1995—2013年的宏观数据,研究货币供应量对我国货币政策有效性的影响及2008年金融危机前后的作用变化,结果表明:货币是非中性的,对经济产出和物价变动均存在影响。在金融危机以前,货币对经济产出...
[[abstract]]This article explores whether monetary policy can account for the asymmetric job creatio...
China is viewed as the pillar of Emerging Market Economies (EMEs), deems to surpassed United State, ...
M.Phil.Using unique data on “entrusted loans” made by Chinese companies, I study how monetary policy...
近年中国经济面临增速放缓的下行压力,然而登记和调查失业率均未出现显著上升,这个组合现象再次凸显奥肯定律在中国"水土不服"。基于对中国宏观经济周期与劳动力市场转型关系的经验观察,提出...
货币政策是国家调节经济运行的重要工具之一,货币政策的目标选择和货币政策的实施效果一直是各国学者和政策制定者关注的热点问题。近年来,我国的货币政策一直比较宽松,但却出现了宽松货币政策与通货紧缩,资产价格...
This paper uses 13,766 firm-year observations between 2003 and 2013 from China to investigate the ef...
The financial support of the Irish Research Council and The Paul Tansey Economics Postgraduate Resea...
[[abstract]]Considerable controversy surrounds the issue of whether a revaluation of the Chinese cur...
This article explores whether monetary policy can account for the asymmetric job creation and job de...
This paper provides evidence of the impact of three important and general policies shaping the degre...
The textbook New-Keynesian (NK) model implies that the labor share is pro-cyclical conditional on a ...
The textbook New-Keynesian (NK) model implies that the labor share is pro-cyclical conditional on a ...
本文基于结构向量自回归(SVAR)模型的脉冲响应函数和方差分解,从利率、信贷、资产价格、汇率等货币政策传导变量的角度分析了1998年—2011年我国货币政策对产业结构的影响。研究发现,利率的上升使第一...
The textbook New-Keynesian (NK) model implies that the labor share is pro-cyclical conditional on a...
运用1995—2013年的宏观数据,研究货币供应量对我国货币政策有效性的影响及2008年金融危机前后的作用变化,结果表明:货币是非中性的,对经济产出和物价变动均存在影响。在金融危机以前,货币对经济产出...
[[abstract]]This article explores whether monetary policy can account for the asymmetric job creatio...
China is viewed as the pillar of Emerging Market Economies (EMEs), deems to surpassed United State, ...
M.Phil.Using unique data on “entrusted loans” made by Chinese companies, I study how monetary policy...
近年中国经济面临增速放缓的下行压力,然而登记和调查失业率均未出现显著上升,这个组合现象再次凸显奥肯定律在中国"水土不服"。基于对中国宏观经济周期与劳动力市场转型关系的经验观察,提出...
货币政策是国家调节经济运行的重要工具之一,货币政策的目标选择和货币政策的实施效果一直是各国学者和政策制定者关注的热点问题。近年来,我国的货币政策一直比较宽松,但却出现了宽松货币政策与通货紧缩,资产价格...
This paper uses 13,766 firm-year observations between 2003 and 2013 from China to investigate the ef...
The financial support of the Irish Research Council and The Paul Tansey Economics Postgraduate Resea...
[[abstract]]Considerable controversy surrounds the issue of whether a revaluation of the Chinese cur...
This article explores whether monetary policy can account for the asymmetric job creation and job de...
This paper provides evidence of the impact of three important and general policies shaping the degre...