An Empirical Test and Formation Mechanism of Asymmetric Effects of China’s Monetary Policy in the Open Conditions
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Abstract Based on the Keynes subjective expected asymmetric theory，this paper empirically tests the existence of china’s monetary policy asymmetric effects in open conditions by co integration test、granger causality test and OLS regression method with formation mechanism of china’s monetary policy asymmetric effects in open conditions. It is found that china’s monetary positive and negative supply shocks have significant asymmetric effect on output, but this effect would slow down on the open conditions.
TUN Wei-Jun. An Empirical Test and Formation Mechanism of Asymmetric Effects of China’s Monetary Policy in the Open Conditions. Economic Survey, 2013, 1(1): 0125.
2013, Vol. 1 
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