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Gradual financial integration and macroeconomic fluctuations in emerging market economies: evidence from China
This paper extends the conventional DSGE literature by developing a New Keynesian DSGE model featuring imperfect financial markets with various friction costs, which allows for the study of macroeconomic dynamics under different levels of financial integration. We conduct Bayesian estimation and dra...
| Autores principales: | , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Springer Berlin Heidelberg
2022
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| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9424843/ https://www.ncbi.nlm.nih.gov/pubmed/36060049 http://dx.doi.org/10.1007/s11403-022-00368-3 |