Based on a comprehensive investigation on Chinese Stock Market and macroeconomic policies, analyzing samples of the SSE Composite Index and relevant monetary and fiscal policies during the period from January 2000 to June 2008, this paper uses GARCH-type models and EVIEWS5.1 software to study effects of changes in macroeconomic policy on conditional volatility of Chinese Stock Market and analyz...

reputation of a monetary’s authority, is an agents believe on his to control of deviation between targeting inflation and observed inflation. on one hand , a monterey’s authority, can throw agent’s trust to his polices, leading to lower inflation expectations and inflation. but on the other hand, government pressure on the monetary authority to do discretionary monetary policy( such as creation...