experiment of the past decade, stemming from a belief of the government that higher interest rates cause higher inflation … eventually a negative coefficient on inflation in the policy rule. In such an environment, was the exchange rate still a random … walk? Was inflation anchored? Does the “standard model” suffice to explain the broad contours of macroeconomic outcomes in …

. The optimal monetary policy literature and the optimal simple rules often labeled flexible inflation targeting assign all …

inflation targeter early in this period but began to pay less attention to inflation after 2009. Loss of the strong nominal …

(China, India, Russia, Brazil) on the other. …

. We calibrate such a model to China's trade with the rest of the world and explore two country tariff games using 2005 …

China's growth strategy as set out in the 11th 5-year plan in 2005 called for upgrading of product quality, the … with this policy, China has been involved in recent years with the development of a Chinese standard in third generation (3 … experience raises issues for China's future development strategy based on product and process upgrading in manufacturing. We …

low wage rapidly growing countries in the BRIC group (Brazil, Russia, India, China) and the groups of countries as a sub …