Monetary and macroprudential policies, output, prices, and financial stability

We examine the time-varying causal link between monetary policies and macroeconomy, macroprudential financial stability in China. find that expansionary policy leads to output growth, tightening price stability, quantitative or expanding price-based is effective maintaining stability. In response stagnation deflation, central bank implements an policy. To prevent turbulence, pursues a tight addition, should be used conjunction with maintain