Credit Market Imperfection and Sectoral Asymmetry of Chinese Business Cycle
Credit Market Imperfection and Sectoral Asymmetry of Chinese Business Cycle
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St. Louis: Federal Reserve Bank of St. Louis
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English
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St. Louis: Federal Reserve Bank of St. Louis
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This paper analyzes the role of credit market imperfection and sectoral asymmetry as a means through which shocks to the real economy are propagated and amplified. Drawing on firm-level data to calibrate the model, our simulations capture two key stylized facts of the Chinese economy: that credit constraints are more binding in nontradable sectors...
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Credit Market Imperfection and Sectoral Asymmetry of Chinese Business Cycle
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TN_cdi_proquest_journals_1698602815
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https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_1698602815
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https://www.proquest.com/docview/1698602815?pq-origsite=primo&accountid=13902
