The international spillover of china’s monetary policy
A case study of a developing country
Bibliographic Data
| ID | 12917835 |
|---|---|
| Authors | Ahmad Jafari Samimi (University of Mazandaran), Seyed Peyman Asadi (0000-0002-2411-9247, University of Mazandaran, corresponding author), Zahra Sheidaei (University of Mazandaran) |
| Year | 2018 |
| Volume | 12 |
| Issue | 1 |
| Pages | 52-67 |
| Publication date | 2018-09-11 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | China Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 1753-8963 • E-ISSN: 1753-8971 |
| Publisher | Routledge (PUBLISHER • GB) |
| DOI | 10.1080/17538963.2018.1514576 |
| OpenAlex | W2890475106 |
| Language | EN |
| References cited | 30 |
This paper aimed to investigate the evidence on the transmission of China’s monetary policy shocks to macroeconomic variables in Iran. Since 1990, China has become one of the main trading partners of Iran; therefore, it is expected that China’s macroeconomic shocks have some consequences on Iran’s Economy. In this study, a structural vector autoregressive model is used to explore such a transmission. The findings of the study reveal that the China’s monetary policy changes significantly affect the Consumer Price Index (CPI) as Iran’s CPI meaningfully increases with the expansion of China’s money supply. Furthermore, it was found that Iran’s other economic variables, including the real GDP, real effective exchange rate, and interest rate, do not significantly reflect the China’s monetary shocks; even though confirm the expected sign and direction
Business · China · Developing country · Economic growth · Economics · International economics · International trade · Macroeconomics · Monetary economics · Monetary policy · Political science · Spillover effect · Global Financial Crisis and Policies · Market Dynamics and Volatility · Monetary Policy and Economic Impact
| Citation velocity | historical |
|---|---|
| Highly cited | No |