Relationships among Energy Price Shocks, Stock Market, and the Macroeconomy: Evidence from China

<table>Generalized impulse responses to one S.D. shock for energy price changes. Note that the horizontal axis is the period. The vertical axis is the explanation level of dependent variables to independent variables. In the model, we fix the periods at 12 months. </table>

The Scientific World Journal

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Figure 1

Figure 1: Relationships among Energy Price Shocks, Stock Market, and the Macroeconomy: Evidence from China 