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- W2925637332 abstract "This paper constructs a sticky price Dynamic Stochastic General Equilibrium model with multi-regions. Producers from different regions would range in price rigidity, production function, the regional structures of intermediate inputs. That is, firms from each area, can get intermediates and investments from all the regions in the country following the empirical Multi-region Input-Output table in China. Different from the previous symmetry model, the model in this paper allows idiosyncratic regional dynamics to the national monetary shocks. This model is calculated by the Bayesian estimation method using the regional and aggregate China empirical data." @default.
- W2925637332 created "2019-04-11" @default.
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- W2925637332 date "2019-03-29" @default.
- W2925637332 modified "2023-09-30" @default.
- W2925637332 title "The Transmission of Monetary Shocks in a Multi-Region Economy: The Case of China" @default.
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- W2925637332 doi "https://doi.org/10.5539/ass.v15n4p1" @default.
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