Business cycles are often regarded as aggregate phenomena.However,against the backdrop of rapid structural transformation in Chinese economy,they are also influenced by cyclical changes in various sectors and the evol...
The world economy in 2024 proved surprisingly resilient despite multiple shocks. This resilience can largely be attributed to the effects of tight monetary policies and the strong performance of labor markets in major...
the support of a financial grant from the National Natural Science Foundation of China No.72348003,72022020,71974159,71974181;the Fundamental Research Funds for the Central Universities and MOE Social Science Laboratory of Digital Economic Forecasts and Policy Simulation at UCAS.
Systematic risks in cryptocurrency markets have recently increased and have been gaining a rising number of connections with economics and financial markets;however,in this area,climate shocks could be a new kind of i...
supported by the Key Projects of Philosophy and Social Sciences Research,Ministry of Education,(Grant No.:22JZD008).
Global shocks potentially distort economy’s achieved equilibria.Considering the 2020 global crude oil price shock and the 2019 coronavirus disease pandemic,this study proposes an energy and environment integrated gen...
This paper complements the relatively few existing studies on the macroeconomic effects of poverty in developing countries, by investigating the effect of poverty volatility on tax revenue instability. The empirical a...
the Cooperatio Program,Research Area Economics,at Charles University,Czechia.
This paper studies the connection between the stock market and real output in China and compares it with benchmark countries,employing a novel vector autoregression with asymmetric leads(VARwAL)model.It makes two cont...
This paper studies the effects of the solar wind on Jupiter’s magnetosphere. The solar wind parameters are characterized using the Michigan Solar Wind Model (mSWiM) solar wind data propagated to Jupiter from 1997 to ...
By incorporating both the fire sales contagion mechanism and the bankruptcy contagion mechanism into a bank network model,this paper examines how risks are generated under dynamic shocks.In particular,this paper const...
supported financially by the Major Research Plan of National Social Science Foundation of China(No.19ZDA117);the National Natural Science Foundation of China(No.72141011);the Project of Philosophy and Social Science Research in Colleges and Universities in Jiangsu Province(No.2022SJYB0050).
Do households sell assets in order to smooth consumption?The empirical evidence is mixed.Using household-and village-level data in the context of China's poverty alleviation policy,we analyze the relationship between ...
After the collapse of the Bretton Woods system in the early 1970s,the international monetary system has evolved towards the diversification of currency composition and exchange rate system,but the US dollar has always...