We incorporate terms-of-trade externality into a small open economy featuring an incomplete market, sterilized intervention, and capital controls as in Chang et al. (2015), and we highlight the central banks reaction to exchange rate movement. Our calibrated model using data from China shows...

This paper provides a comprehensive analysis of machine learning methods applied in short-term exchange rate forecast and portfolio evaluation. The models we used include: random forest, gradient boosting decision tree (GBDT) and extreme gradient boosting (XGBoost). We provide evidence that...

This study draws on a survey of migrants in 12 cities across four major urbanizing areas in China and investigates the structure of migrant worker families' urban and rural consumption. The results show that the structure of migrant worker families' consumption has been dominated by survival...

Low temperature and low air pressure in the upper atmosphere would cause low fuel inlet temperature and air flowrate in aero-engine combustion chamber. A system including a burner normally used in actual aero engines was established to study swirl-stabilized kerosene spray combustion at...