The Impact of Monetary Policy on China's Stock Prices Base on TVP-VAR Model

Feng, Wei; Ming, Chen

doi:10.1109/icitbs49701.2020.00234

Cited by 2 publications

(1 citation statement)

References 11 publications

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“…Huang et al [11] examine the differences between the monetary policies and their effects on regulating non-ferrous metal prices. Chen et al [12] suggest that monetary policy has the potential to alter economic growth, supply, and demand for commodities, and thus indirectly impact commodity prices. According to Zhu et al [13], the launch of the pilot RMB settlement by China in July 2009 resulted in a unidirectional non-linear causal relationship between RMB internationalization and aluminum price changes.…”

Section: Literature Reviewmentioning

confidence: 99%

Research on Public Opinion of "Double Carbon" Policy and Spillover Effect of Futures Index of Three Major Sectors——Evidence from China

Wu,

Ding,

Dong

et al. 2024

Proceedings of the 4th International Conference on Economic Management and Big Data Applications, ICEMBDA 2023, October 27–29,

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To supplement the empirical research on the impact of "double carbon" policy on social economy from the perspective of online public opinion, the "double carbon" policy public opinion index is constructed with the help of search engine Baidu and the VAR-BEKK(DCC)-GARCH(1,1)model is used to scientifically quantify the spillover effect of "double carbon" policy public opinion and metal, chemical and agricultural futures index. The results show that there are one-way mean spillovers and volatility spillovers on the metal index and agricultural index of the "double carbon" policy public opinion index, and the impact of the "double carbon" policy public opinion has a shortterm amplification effect, but the long-term effect is not significant. There are one-way mean spillovers and two-way volatility spillovers between the energy index and the public opinion index of the "two-carbon" policy, indicating that the energy index is most closely related to the public opinion of the "double carbon" policy, and it has strong pricing power. At the same time, it has the function of transmitting public opinion signals to traders. Based on the above findings, from the two levels of government and enterprise, suggestions are put forward, such as "stability first" macro policy, avoiding "sports" carbon reduction, and doing a good job of public opinion monitoring related to "double carbon" policy, and using it to monitor and predict the changes of related indexes.

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Section: Literature Reviewmentioning

confidence: 99%