[Retracted] A DSGE Decision Model for Investigating the LPR Transmission Effect

Table 3

Comparison of model simulation results with actual data of China’s economy (2019).

Interest rate level
Model	3.35	4.90	5.25	2.80	2.70
Data	3.26	4.80	5.50	3.80	2.85
Bank scale	Deposit/GDP	Loans/GDP	New loans/new social financing	New government bonds/new social financing	Net interest margin
Model	96.7%	155.1%	60%	20%	2.05%
Data	97.1%	154.5%	66%	18.5%	2.19%
Real economy	GDP growth rate	Inflation rate	Unemployment rate	M2 growth rate	Enterprise asset-liability ratio
Model	6.3%	2.7%	4.3%	8.6%	62%
Data	6.1%	2.9%	4.5%	8.7%	64%