Finland finds limitations in China’s monetary policy
The Bank of Finland paper published on Friday finds changes in asset prices due to monetary policy in China do not affect household consumption in a robust manner.
Tuuli Koivu, the paper's author, uses a structural vector autoregression model to investigate whether a loosening of China's monetary policy leads to higher asset prices, and subsequently household consumption. Koivu explores whether monetary policy can have an impact on asset prices, namely residential property prices and stock
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