Macroeconomics Framework Considered Risk Factors: Based on Default Distance

Yonggang Ye (), Jiaqi Yang (), Lingfeng Song () and Pei ZHang ()
Additional contact information
Yonggang Ye: School of Economics and Management, Wuhan University, China.
Jiaqi Yang: School of Economics and Management, Wuhan University, China
Lingfeng Song: School of Economics and Management, Wuhan University, China
Pei ZHang: School of Economics and Management, Wuhan University, China

Journal for Economic Forecasting, 2013, issue 4, 124-133

Abstract: This paper adopts the macro-financial engineering method, taking risk factors into account to build a new framework for macroeconomic research in the IS-LM-BP model. Based on the balance of commodity markets, currency markets and the international balance of payments, the framework studies the balance of the level of risk, and analyzes a series of changes of the BP curve under given risk factors. Meanwhile, this paper also conducts empirical study using Chinese data from years 2007-2010.

Keywords: macro-financial engineering; IS-LM-BP; risk; debt crisis (search for similar items in EconPapers)
JEL-codes: E17 E19 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.ipe.ro/rjef/rjef4_13/rjef4_2013p124-133.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rjr:romjef:v::y:2013:i:4:p:124-133

Access Statistics for this article

Journal for Economic Forecasting is currently edited by Lucian Liviu Albu and Corina Saman

More articles in Journal for Economic Forecasting from Institute for Economic Forecasting Contact information at EDIRC.
Bibliographic data for series maintained by Corina Saman ( this e-mail address is bad, please contact ).