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. …

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 …

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. …

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 …

Given that the value of China’s currency has been hot topic recently, this paper explores the equilibrium levels of … China’s real and nominal exchange rates. Employing a Johansen cointegration framework, we focus on the behavioral …

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

This paper analyses the financial distortions – growth nexus in China using a tractable general equilibrium modelling … key policy challenge in China in the years to come. …

sector in mainland China by means of a nonlinear stochastic general equilibrium (DSGE) model with occasionally binding …, tighter regulation of interest rates in the commercial banking sector in China leads to an increase in loans provided by the …