In the paper we propose an assessment of the role of financial innovation in shaping US macroeconomic dynamics. We extend an existing model by Christiano, Eichenbaum and Evans which studied the transmission of monetary policy impulses to business and corporate sector financing variables just...

This book illustrates the current state of China’s economic and trade relations from the perspective from different countries in the Xi Jinping era. The content is divided into five parts, the first of which traces the development of the Chinese economy starting with the reforms of the 1980s....