Constructing quarterly Chinese time series usable for macroeconomic analysis
本摘要源自该文的 NBER 工作论文版（2024），正式发表版可能有调整。
During episodes such as the global financial crisis and the Covid-19 pandemic, China experienced notable fluctuations in its GDP growth and key expenditure components.To explore the primary sources of these fluctuations, we construct a comprehensive dataset of GDP and its components in both nominal and real terms at a quarterly frequency.Applying two SVAR models to this dataset, we uncover the principal drivers of China's economic fluctuations across different episodes.In particular, our findings underscore the distinct impacts of consumption-constrained shocks on household consumption and its various subcomponents throughout the Covid-19 pandemic.