@inproceedings{ddbfe8410fe147598c83d21e8e4758a8,
title = "Existence of the cost channel of China's monetary transmission",
abstract = "This paper empirically assesses the existence of the cost channel of china's monetary transmission within a New Keynesian Phillips Curve framework. We estimate a GMM model and find that the cost channel significantly exists in china. The bank system can not filter the fluctuation of the benchmark interest rate but amplify it. To reinforce the effect of monetary policy farthest, the central bank should keep on perfecting the intermediate target system of monetary policy and dredging the transmission channel using quantity and price instruments synthetically.",
keywords = "GMM, NKPC, The Cost Channel",
author = "Tian, \{Jian Qiang\} and Liu, \{Zhi Xin\}",
year = "2011",
doi = "10.1109/CCIENG.2011.6008025",
language = "英语",
isbn = "9781424495979",
series = "CCIE 2011 - Proceedings: 2011 IEEE 2nd International Conference on Computing, Control and Industrial Engineering",
pages = "329--332",
booktitle = "CCIE 2011 - Proceedings",
note = "IEEE 2nd International Conference on Computing, Control and Industrial Engineering, CCIE 2011 ; Conference date: 20-08-2011 Through 21-08-2011",
}