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- W2361298536 abstract "In this paper,the structure of vector autoregressive(SVAR) model is used to investigate the relationship between international oil price shock and China's macro-economy.Compared with the VAR model,SVAR model does have the incomparable superiority.It can describe the international oil price impact on China's macro-economy more accurately,and the estimated result under different model specification is robust.China's macro-economy is not so fragile to the international oil price shocks.The strong growth trends of China's GDP,consumption,and export,together with the lagged responsive policy may greatly reduce the negative impact of international oil price shocks on China's macro-economy.However,one year after the oil price shocks,the negative impact on the aggregate economic activities may still occur." @default.
- W2361298536 created "2016-06-24" @default.
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- W2361298536 date "2012-01-01" @default.
- W2361298536 modified "2023-09-23" @default.
- W2361298536 title "International Oil Price Shocks and China's Macro-economic" @default.
- W2361298536 hasPublicationYear "2012" @default.
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