Impacts of Monetary Stimulus on Credit Allocation and the Macroeconomy: Evidence from China
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We develop a new empirical framework to identify and estimate the effects of monetary stimulus on the real economy. The framework is applied to the Chinese economy when monetary policy in normal times was switched to an extraordinarily expansionary regime to combat the impact of the 2008 financial
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美国国家经济研究局创建时间：
2016-09-01
