This paper believes that the development of globalization needs to meet three conditions, namely, technological revolution, leadership of major powers and international mechanism, and the development of globalization will go through four stages, namely, budding, development, peak and decline. This paper argues that the digital economy will lead a new round of globalization, and is currently in the development period of digital globalization.

As an important factor affecting residents' consumption, the consumption environment plays an increasingly prominent role in releasing residents' consumption potential, and expanding residents' consumption. On the basis of explaining the specific connotation of residents' consumption environment, this paper constructs an evaluation index system of residents' consumption environment including five secondary indicators.

Demographic shifts have an important impact on health cost changes. Based on China’s urban-rural dual track health care system, this paper improves the decomposition method of the influencing factors of health expenditure, which helped us to analyze the influence of demographic structure on health costs more comprehensively and accurately.

This paper identifies three aspects in which Chinese modernization may have a profound influence on the global economic landscape after examining China’s changing role in the global economy over the past millennium.

Governments worldwide are implementing mass vaccination programs in an effort to end the novel coronavirus (COVID-19) pandemic. Here, we evaluated the effectiveness of the COVID-19 vaccination program in its early stage and predicted the path to herd immunity in the U.S.

Credit guidance is a common policy practice for the governments of each country. Governments adopted credit guidance to sustain economic growth after the global financial crisis in 2008, and after the COVID-19 pandemic outbreak in 2020. When the economy is in a cyclical upswing，governments may also guide credit flows to develop certain industries and to secure macroeconomic safety. When credit guidance is adopted, governments may choose different firms in different sectors. When the economic cyc

This paper uses the nonlinear autoregressive distributed lag (NARDL) model to analyze the different performances of Bitcoin and gold under the impacts of three different uncertainties, namely global economic policy uncertainty (GEPU), US stock market volatility index (VIX) and the CBOE crude oil ETF volatility index (OVX). The results indicate that faced with shocks of different uncertainties, Bitcoin is unable to serve as a safe-haven, while gold can hedge against uncertainties to varying degre

Is inflation ‘always and everywhere a monetary phenomenon’ or is it fundamentally a fiscal phenomenon? The answer hinges crucially on the underlying monetary–fiscal policy regime. Scant attention has been directed to the role of credit market frictions in discerning the policy regime, despite its growing importance in empirical macroeconomics.