The natural rate of interest of Hong Kong
Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review
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Related Research Unit(s)
Detail(s)
| Original language | English |
|---|---|
| Pages (from-to) | 44-54 |
| Number of pages | 11 |
| Journal / Publication | Pacific Economic Review |
| Volume | 29 |
| Issue number | 1 |
| Online published | 26 Apr 2023 |
| Publication status | Published - Feb 2024 |
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Abstract
We measure the natural rate of interest of Hong Kong in a flexible VAR model. We find that the natural rate of interest of Hong Kong fell below zero after the SARS shock in 2003 and reached the lowest after the great recession in 2007–2009. Variance decomposition shows that mainland China, instead of the USA, has a larger impact on the natural rate of interest of Hong Kong. ©2023 John Wiley & Sons Australia, Ltd.
Research Area(s)
Citation Format(s)
The natural rate of interest of Hong Kong. / He, Yunlu; Wang, Bin.
In: Pacific Economic Review, Vol. 29, No. 1, 02.2024, p. 44-54.
In: Pacific Economic Review, Vol. 29, No. 1, 02.2024, p. 44-54.
Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review
