-- Study on Building China’s Financial Supervision System -- Reference -- Acknowledgement. … correlations between monetary policy, economic growth, inflation and asset price volatility, explores the creation of financial … inflation, and provides a theoretical basis for and empirical demonstration of monetary policy implementation in China. Previous …

of the response depends on the type of news. Third, the implied volatility tends to increase, and the RND tends to become …

due to taxation and how emergent properties from the interaction of traders like bubbles and crashes, excess volatility …, excess kurtosis and volatility clustering change. Numerical simulations reveal that under taxation traders abstain from short …-term trading in favour of longer investment horizons. This change in behavior leads to less excess volatility and diminishing …