This article analyzes Chinese seasonal tourists, whose cultural practices originate from and provide new meaning to traditional Chinese elite culture. We place contemporary seasonal lifestyle tourism in China in its broader socio-historical context and describe how recent political changes have...

Observations on the connectivity among intellectual artifacts often confirm a core-periphery structure: A clustered group of artifacts possess the core knowledge to the field, which is widely cited in artifacts at periphery. We explain this as an outcome resulted from knowledge innovating and...

This paper studies investors herd behavior on firms cross-listed in markets with different legislative regimes and levels of sophistication and yet within the same country. In addition to evidence of herding in each of China's Shanghai, Shenzhen and Hong Kong markets, our finding suggests cross...

We introduce bounded rationality, along the lines of Gabaix (2020), in a canonical New Keynesian model calibrated to match Canadian macroeconomic data since Canada's adoption of inflation targeting. We use the model to provide a quantitative assessment of the macroeconomic impact of flexible...

We compare the performance of alternative monetary policy frameworks (inflation targeting, average inflation targeting, price level targeting and nominal GDP level targeting) in a tractable HANK model where incomplete financial markets and idiosyncratic earnings risk introduce precautionary...

We introduce a new tensor derived computation of higher dimensional average implied correlations determined from high frequency options panels. Using supersymmetric identities to decrease we can determine average moments and co-moments for equities and incorporate these forward looking measures...