About: The People’s Bank of China’s Response to the Coronavirus Pandemic: A Quantitative Assessment()

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Attributes	Values
type	Academic Article research paper schema:ScholarlyArticle
isDefinedBy	Covid-on-the-Web dataset
has title	The People’s Bank of China’s Response to the Coronavirus Pandemic: A Quantitative Assessment()
Creator	Funke, Michael Tsang, Andrew
Source	PMC
abstract	The People’s Bank of China (PBoC) has implemented numerous measures to cushion the impacts of the COVID-19 health crisis on the Chinese economy. Since the current monetary policy framework features a multi-instrument mix of liquidity tools and pricing signals, we employ a dynamic-factor modelling approach to derive a composite indicator of China’s monetary policy stance. Our quantitative assessment shows that the PBoC’s policy response to the outbreak of the COVID-19 pandemic has been swift and decisive. Specifically, our estimates reveal that the PBoC has implemented novel policy measures to ensure that commercial banks maintain liquidity access and credit provision during the COVID-19 crisis.
has issue date	2020-08-31(xsd:dateTime)
bibo:doi	10.1016/j.econmod.2020.08.018
has license	no-cc
schema:url	https://doi.org/10.1016/j.econmod.2020.08.018
resource representing a document's title	The People’s Bank of China’s Response to the Coronavirus Pandemic: A Quantitative Assessment()
has PubMed Central identifier	PMC7456622
schema:publication	Econ Model
resource representing a document's body	covid:PMC7456622#body_text
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