Impulse Response of Economy Policy Unstability Dynamics to Monetary Policies: VAR Model Analysis
Published:
The study investigates the impact of monetary policy on economy policy uncertainty with VAR for time series to discuss the policy implications for China. Results show that EPU (Economic Policy Uncertainty) responses the most strongly to itself and the impact lasts the shortest, showing that the EPU of last period has the most important influence to EPU of the current period. EPU responses least strongly to the currency amount but the influence continue the longest. Fullwork codes