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Economists and policymakers believe that households’ and firms’ expectations of future inflation are key determinants … of actual inflation. This paper applies the ARDL model and nonlinear ARDL model to long-term inflation-targeting policy … mechanisms in the United States and China to assess the impact of oil price dynamics and asymmetries on inflation expectations …
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Based on VAR analyses across 26 countries, we show that, although foreign exchange intervention (FXI) is effective in stabilizing the nominal exchange rate in the short run, its impacts on the real exchange rate are less significant: Limitations on nominal exchange rate flexibility may induce...
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In international climate change negotiations, China’s role is an issue of perennial concern. In particular, the lack of quantitative, absolute emissions commitments from China has been the focus. In line with changing domestic and international contexts, China is recalibrating its stance and...
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Foreword -- Part I Theoretical Framework of Climate Change Economics -- Chapter 1. Complexity of Climate Change as a Subject in Economics -- Chapter 2. A Critique of Conventional Economic Approaches to Climate Change -- Chapter 3. Climate as a Factor of Productivity -- Chapter 4. A Welfare...
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