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This paper analyzes trend and cycle movements of Hong Kong inflation. The empirical model is an unobserved components model that is consistent with the New Keynesian Phillips curve and is estimated using Hong Kong, U.S., and China inflation and output data. The model decomposes Hong Kong...
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Preface -- Expectations, subjective time preference and the formation of business cycles / Fu Lai Tony Yu, Department of Economics and Finance, Hong Kong Shue Yan University, Hong Kong, China -- Real estate cycles and housing policies in Hong Kong / Edward C. H. Tang, Department of Economics and...
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