Item Details
Skip Navigation Links
   ActiveUsers:865Hits:21039776Skip Navigation Links
Show My Basket
Contact Us
IDSA Web Site
Ask Us
Today's News
HelpExpand Help
Advanced search

In Basket
  Journal Article   Journal Article
 

ID168353
Title ProperPrice rigidity in China
Other Title Informationempirical results at home and abroad
LanguageENG
AuthorWu, Zhang
Summary / Abstract (Note)This paper explores the price rigidity in China using 259 monthly domestic and foreign macroeconomic time series. A factor-augmented vector autoregressive (FAVAR) model expanded with global components is employed. Three findings are obtained. First, the model shows that common components at home and abroad are the main driving force of price volatility; for price persistence, however, it is the global components that play a major role. Second, there is no clear evidence to show that the price stickiness in China is subject to urban-rural disparities. Last, we observe a relatively active price volatility and high persistence after the 2008 financial crisis, in which domestic components have increasingly significant impacts.
`In' analytical NoteChina Economic Review Vol.55 , Jun 2019: p.218-235
Journal SourceChina Economic Review 2019-06
Key WordsFAVAR ;  Global Components ;  Price Rigidity