displays considerable persistence. Our analysis provides evidence that the knock-on effects from China¡¦s currency forwards …

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 …

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