In recent years China has experienced two forms of extreme macroeconomic imbalance: an expenditure imbalance in the …; risk of capital loss on the foreign exchange holdings; and the threat of retaliation by China's trading partners. A …

for mainland China. In a stochastic modelling framework, the riskiness, rate of increase and persistence of house price …

This paper accounts for China's economic growth since 1980 in a unified endogenous growth model in which a sequencing … of physical capital accumulation, human capital accumulation and innovation drives the rise in China's aggregate income … can generate a trajectory that accords well with the different stages of development in China …

This paper evaluates various financial system reform initiatives and proposals in China in a DSGE modelling setting …

The recent increase in Chinese house prices has led to concerns that China is vulnerable to asset price shocks. In this … disconnected from fundamentals. Thus, the evidence for speculative house price bubbles in China is in general weak …

Monetary policy in mainland China differs from conventional central banking in several respects. The central bank … captures China's unconventional monetary policy toolkit. We find that credit quotas are important as the interest-rate corridor … distorts the efficient reactions of the economy. Moreover, for China's central bankers the choice of a particular monetary …

in China is not explained simply by factor input accumulation …

We present a new composite leading indicator of economic activity in mainland China, estimated using a dynamic factor …

costs. In this paper we examine the empirical relevance of the NKPC for mainland China. The empirical results indicate that … the NKPC provides useful insights into the nature of inflation dynamics in mainland China as well as useful insights for …