Measuring cross-category spillovers of policy-specific uncertainty in China

Xutao Ma, Zhen Zhang, Xubu Ma and Yue Shen

Economics Letters, 2019, vol. 183, issue C, -

Abstract: This paper examine cross-category spillovers of policy-specific uncertainty in China. We find that monetary policy and exchange rate policy are net givers, while fiscal policy and trade policy are net receivers. Monetary policy plays the dominant role. Spillovers are countercyclical.

Keywords: Policy-specific uncertainty; Cross-category spillovers; Variance decomposition (search for similar items in EconPapers)
JEL-codes: C32 E30 E61 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:183:y:2019:i:c:3

DOI: 10.1016/j.econlet.2019.108611

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