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jwe-transmission-channel

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Use when a 《世界经济》 (The Journal of World Economy) manuscript stops at "it promoted exports" without showing how an external shock propagates — making the trade / investment / financial / expectation channel explicit and testable, not a hand-wavy mechanism paragraph.

When to use

• making trade channel explicit and testable
• making investment channel explicit and testable
• making financial channel explicit and testable
• making expectation channel explicit and testable
• identifying cross-border transmission mechanisms
• providing testable proxies for open economy channels
• excluding competing transmission channels
• connecting channel evidence to general equilibrium or welfare

When not to use

• domestic-only transmission mechanisms
• hand-wavy mechanism paragraphs without testable proxies
• using only Baron-Kenny mediation without identification
• using correlations as mechanism evidence

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