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Three essays on China's housing market, monetary policy and macroeconomy
(University of Missouri--Columbia, 2019)
is identify ed by the sign restriction approach following Uhlig (2005), with the identification assumptions extended to three common policy instruments utilized by the central bank of China: interest rate, required reserve ratio and M2. The results suggest a...
Three essays on bayesian analysis of nonlinear DSGE models
(University of Missouri--Columbia, 2019)
The 2008 financial crisis has highlighted the importance of nonlinear features of our economy including risks, uncertainty shocks, rare disasters, structural changes, zero-lower bound, and occasionally binding constraints. ...