TRENDS AND CYCLES IN CHINA’S MACROECONOMY
23
References
Bernanke, B. S., M. Gertler, and M. W. Watson (1997): “Systematic Monetary
Policy and the E↵ects of Oil Price Shocks,” Brookings Papers on Economic Activity, 1,
91–142.
Brandt, L., and X. Zhu (2010): “Accounting for China’s Growth,” Working Paper 394,
Department of Economics, University of Toronto.
Chow, G. C. (2007): China’s Economic Transformation. Wiley-Blackwell, Massachusetts,
USA.
(2011): China As A Leader Of The World Economy. World Scientific Publishing
Company, New Jersey, USA.
Christiano, L. J., M. S. Eichenbaum, and C. L. Evans (1996): “The E↵ects of
Monetary Policy Shocks: Some Evidence from the Flow of Funds,” Review of Economics
and Statistics, 78(1), 16–34.
(1999): “Monetary Policy Shocks: What Have We Learned and To What End?,” in
Handbook of Macroeconomics, ed. by J. B. Taylor, and M. Woodford, vol. 1A, pp. 65–148.
North-Holland, Amsterdam, Holland.
(2005): “Nominal Rigidities and the Dynamic E↵ects of a Shock to Monetary
Policy,” Journal of Political Economy, 113, 1–45.
Fang, C., E. Wailes, and G. Cramer (1998): “China’s Rural and Urban Household
Survey Data: Collection, Availability, and Problems,” CARD Working Paper 98-WP 202,
Center for Agricultural and Rural Development, Iowa State University.
Fernald, J., I. Malkin, and M. Spiegel (2013): “On the Reliability of Chinese Output
Figures,” Federal Reserve Bank of San Francisco Economic Letter, 8.
Gan, L. (2014): “Income Inequality and An Economy in Transition,” Presentation Slides,
Texas A&M University and Southwestern University of Finance and Economics.
Hansen, L. P., J. C. Heaton, and N. Li (2008): “Consumption Strikes Back? Measuring
Long-Run Risk,” Journal of Political Economy, 116(2), 260–302.
Holz, C. (2013): “The Quality of Chinas GDP Statistics,” Working Paper No. 487, Stanford
Center for International Development.
Hsieh, C.-T., and P. J. Klenow (2009): “Misallocation and Manufacturing TFP in
China and India,” Quarterly Journal of Economics, CXXIV(4), 1403–1448.
King, R. G., C. I. Plosser, J. H. Stock, and M. W. Watson (1991): “Stochastic
Trends and Economic Fluctuations,” American Economic Review, 81(4), 819–840.
Leeper, E. M., C. A. Sims, and T. Zha (1996): “What Does Monetary Policy Do?,”
Brookings Papers on Economic Activity, 2, 1–78.
TRENDS AND CYCLES IN CHINA’S MACROECONOMY
24
Lin, J. Y. (2013): Demystifying the Chinese Economy. Cambridge University Press, New
York, USA.
Lu, D. (Forthcoming): “Exceptional Exporter Performance? Evidence from Chinese Manufacturing Firms,” Journal of Monetary Economics.
Nakamura, E., J. Steinsson, and M. Liu (2014): “Are Chinese Growth and Inflation
Too Smooth? Evidence from Engel Curves,” Unpublished Manuscript, Columbia University.
Ravn, M. O., and H. Uhlig (2002): “Notes On Adjusting the Hodrick-Prescott Filter for
the Frequency of Observations,” Review of Economics and Statistics, 84(2), 371–380.
Sims, C. A., D. F. Waggoner, and T. Zha (2008): “Methods for Inference in Large
Multiple-Equation Markov-Switching Models,” Journal of Econometrics, 146(2), 255–274.
Sims, C. A., and T. Zha (2006): “Were There Regime Switches in US Monetary Policy?,”
American Economic Review, 96, 54–81.
Song, Z., K. Storesletten, and F. Zilibotti (2011): “Growing Like China,” American
Economic Review, 101(1), 196–233.
Yu, J., and G. Zhu (2013): “How Uncertain Is Household Income in China,” Economics
Letters, 120, 74–78.
SAIF, Shanghai Jiaotong University, Federal Reserve Bank of Atlanta, Shanghai University of Finance and Economics, Federal Reserve Bank of Atlanta, Emory University,
and NBER, Email: [email protected].