Investigating the Role of Money in the Identification of Monetary Policy Behavior: A Bayesian DSGE PerspectiveBing Li, Qing Liu Pei Pei, (2020), Investigating the Role of Money in the Identification of Monetary Policy Behavior: A Bayesian DSGE Perspective, Macroeconomic Dynamics, published online by Cambridge University Press.This paper estimates an enriched version of the mainstream medium-scale dynamic stochastic general equilibrium model, which features nonseparability between consumption an

Abstract: As a result of recent advances in historical national accounting, estimates of GDP per capita are now available for a number of European economies back to the medieval period, including Britain, the Netherlands, Italy, and Spain. The approach has also been extended to Asian economies, including India and Japan. So far, however, China, which has been at the center of the Great Divergence debate, has been absent from this approach. This article adds China to the picture, showing that the

Shuyu Wu Qingzhong Pan (2019) Financial Cooperative Potential Between China and Belt and Road Countries, Emerging Markets Finance and Trade, 55:14, 3295-3310.Abstract:Along with the increasingly frequent economic exchanges between China and the Belt and Road countries (BRCs), bilateral and multilateral financial integration within the region has become a current trend. This article quantifies the level of cooperative potential by designing an index based on the investment demand in China and the

We will provide an outlook for China's role in the world economy over the coming decades, an exercise which would not be possible without an analysis of the prospects for China's continued economic growth. Based on international and historical comparisons, we argue that today's China meets all three key conditions for continued economic growth, including a stable government that is supportive of a market economy; high and increasing quality of human capital, and openness to developed economies.

This paper uses data from the China Family Panel Studies (CFPS) of 2010, 2012, 2014 and 2016, to empirically analyse the entrepreneurial behaviour of Chinese people from the perspective of happiness economics.

This paper analyzes China's economic potential and prospects during the 13th Five Year Plan period. According to international comparison and historical experience, we believe China meets the three main requirements of sustainable economic growth, which consists of a stable government supporting the development of market economy, relatively high-level human capital and staying open to developed economies.

Ever since Duesenberry developed his relative income hypothesis in 1994, studies in economics have evaluated the considerable impact of the "comparison effect" or "demonstration effect" on economic behavior and welfare levels．

What was the level of economic development in ancient China and how did the cycle of prosperity and decline change throughout history? It seems certain that a systematic review of ancient China’s development is the very foundation for the studies of nation’s economy.