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- W2912369081 abstract "We explore the nonlinear effect of economic policy uncertainty shocks on the credit scale in China by applying a Smooth Transition VAR Model and the monthly data from April 1996 to April 2017. We find that the economic growth during the time of prosperity is more vulnerable to economic policy uncertainty shocks in China and the shocks bring the economic growth a significant decline. Furthermore, the negative response of economic policy uncertainty shocks to credit scale is larger in expansions than in recessions." @default.
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- W2912369081 date "2019-05-01" @default.
- W2912369081 modified "2023-10-12" @default.
- W2912369081 title "Nonlinear impact of economic policy uncertainty shocks on credit scale: Evidence from China" @default.
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- W2912369081 doi "https://doi.org/10.1016/j.physa.2019.01.100" @default.
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