摘要
本文应用近似因子模型以及因子增广的向量自回归模型,考察了1995~2009年间美国的经济冲击对我国经济的传播渠道。本文发现出口和消费者信息指数比进口以及金融市场对美国的经济冲击更为敏感;而就冲击的类型来看,美国经济的需求冲击比供给冲击对我国经济的影响更大。
In this paper we used Approximate Factor Model and Factor-Augmented Vector Autoregressive Model（FAVAR）to study the economic shocks in US and their channels to impact China＇s economy.We find that exports and consumer＇s confidence index are more sensitive to US economic shocks than import and financial market.Concerning the type of economic shocks,demand shocks＇ impacts are larger to China＇s economy than supply shocks.
出处
《运筹与管理》
CSCD
北大核心
2011年第3期101-110,共10页
Operations Research and Management Science
基金
金融稳定局项目(041506025)
