, which is not conducive to countering the impact of external shocks. We show that China's macroeconomic responses to external …

asset holdings. The model also suggests that capital account liberalization in China may trigger net portfolio outflows as …

We analyze the impact on productivity in advanced economies of fast-growing trade with China between the mid-1990s and … economies and, similar to Autor, Dorn, and Hanson (2013), exploit exogenous variation in trade with China in a given country …-sector by instrumenting imports from (exports to) China in a given country-sector with the average imports from (exports to …

This paper investigates macroprudential policies and their role in containing systemic risk in China. It shows that … China faces systemic risk in both the time (procyclicality) and cross-sectional (contagion) dimensions. The former is … in China …

This study assesses the economic implications of China''s changing population in the 21st century using a numerical … mobility is high in China, a low fertility rate implies more future capital outflows. But if capital is less mobile, low …

This paper provides the first systematic study of how minimum wage policies in China affect firm employment over the …