No.535 Fahuazhen Road
Shanghai Jiao Tong University
Shanghai, Shanghai 200052
China
Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management
Dispersed beliefs, Information Frictions, Spillover Effects, Monetary Policy, Inflation Target, Paradox of Price Flexibility
Central Bank Communication, Sticky Prices, Dispersed Information, Informa- tion Frictions, Monetary Policy
Fiscal cyclicality, Government spending shocks, Real exchange rate, Information frictions, Signaling effect.
Targeting Rule, Central Bank Preference, Structural Vector Autoregressive (SVAR) Model, Sign Restrictions, Great Inflation, Great Moderation
Sticky Prices, Endogenous Information Acquisition, Price Index Stabiliza- tion, Optimal Policy
Monetary and fiscal policies, Housing market, Chinese economy, Land finance JEL Classification: E31, E32, E52, E62, E63
Targeting Rule, Central Bank Preference, Structural Vector Autoregressive (SVAR)
