World Economy Brief KIEP Staff Papers
발간물
KIEP Opinions
Policy Announcement Effect: The Case of China
- 저자 Kotbee Shin
- 발간일2015-12-18
After recent Chinese stock market crush, a number of anecdotal articles have cast doubt on the credibility and efficacy of Chinese government policies. I carefully examine the consumer expectation indices and entrepreneur expectation indices along with GDP growth in order to investigate the announcement effect mechanism of China. My findings suggest that policy announcements correspond to the significant improvements of the consumer expectation index and entrepreneur expectation index up until the eleventh Plan (2006-2010), transmitted to GDP growth increases with a lag. However, this expectation anchoring seems to be weakened for the most recent announcement.
-
KIEP opinions_no73_final.pdf (609.47KB / 다운로드 1,902회)다운로드
대외경제정책연구원의 본 공공저작물은 "공공누리 제4유형 : 출처표시 + 상업적 금지 + 변경금지” 조건에 따라 이용할 수 있습니다. 저작권정책 참조
콘텐츠 만족도 조사
이 페이지에서 제공하는 정보에 대하여 만족하십니까?