External Risk Shocks and China’s Macroeconomic Fluctuations: Which Transmission Channel Matters?

The replication package contains materials for two parts of the paper. The first part reproduces the DSGE numerical simulations and Bayesian estimation using Dynare. The second part reproduces the empirical analysis, SVAR analysis, and robustness checks using the BEAR toolbox and the IV-SVAR toolkit.

本复现包包含支撑该论文两个部分的相关研究材料。第一部分借助Dynare复现动态随机一般均衡（Dynamic Stochastic General Equilibrium，简称DSGE）数值模拟与贝叶斯估计流程；第二部分则运用BEAR工具箱（BEAR Toolbox）与IV-SVAR工具包（IV-SVAR Toolkit），复现实证分析、结构向量自回归（Structural Vector Autoregression，简称SVAR）分析以及稳健性检验相关内容。