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.

David Daokui Li and Li Ke'aobo put forth recommendations for exploring the road to common prosperity with Chinese characteristics.

The 2020 Tokyo Olympic Games provide a wealth of information for analysts of the great-power competition in which China and the United States are now engaged. It also offers three crucial lessons, which if heeded, could help to defuse bilateral tensions.

In this paper, we discuss the field of government and economics, an emerging body of work that aims to better understand government's role, incentives and behavior in a modern market economy, as well as how government actions shape the economy's performance.

Since the reform and opening up in 1978, China's economy has been more deeply involved in globalization. Because it is better in line with the theory of comparative advantage in trade, China has been in a state of current account surplus for a long time, thus accumulating large-scale foreign exchange reserves. This paper examines China's trade surplus and foreign exchange reserves from a longer-term historical perspective.

ACCEPT's China Macroeconomic Analysis and Forecast (no. 96) urges a shift from population power to human resource power.

The primary goal of this paper is to provide empirical evidence for how non-trade factors attribute to the China-US trade war. Trump’s tweets provide us with a unique perspective. After analysing 31,166 Trump’s tweets, we have the following findings...

Originally published in Chinese on April 29, 2021 by the Car Prophet official WeChat accountas part of a larger piece titled “BMW’s Automotive Carbon EconomyDeclaration—Sustainability is at the Core of Everything BMW Says and Does.” Translated and abridged by ACCEPT. Source: https://mp.weixin.qq.com/s/ft32rgP_Ks3zCBD_6E8NlQCar Prophet Speaks with Li Ke’aobo, Executive Deputy Director of the Academic Center for Chinese Economic Practice and Thinking at Tsinghua UniversityCar Prophet: Why did BMW