Chinese Macroeconomy (China Perspectives)

This book deploys quantitative methods to study the operation of the Chinese economy as a whole since the reform in 1978, by combining a range of mathematical, algorithmic and computational methods to analyze rich empirical data, seeking to demonstrate the long-term economic trends and dynamics of economic growth and fluctuations in China. To answer the core question, i.e. how did the Chinese economy become what it is, the author draws on dynamic stochastic general equilibrium (DSGE) modeling and calibration, while also exploring microfoundations to reveal optimization behavior within a context of economic change at the macro level. The book examines internal shocks in the Chinese economic system including institutional changes, credit policy and monetary policy; all closely associated with issues of enhancing the coordination and sustainability of development and the effectiveness and efficiency of policy reforms. It also elaborates on China's close interactions with the global economy, shedding light on the dynamic effects of energy prices, the Chinese Yuan exchange rate and foreign direct investment. This book is an essential reference for researchers and students interested in the Chinese economy, methods of microeconomic dynamics and macroeconomic theory and policy.

• | Author: Ninghua. Sun
• | Publisher: Routledge
• | Publication Date: Oct 17, 2022
• | Number of Pages: 248 pages
• | Language: English
• | Binding: Hardcover
• | ISBN-10: 1032304480
• | ISBN-13: 9781032304489