Entering year 2020,the Chinese economy was struck by the COVID-19 outbreak.The unprecedented pandemic,entangled with the already elevated complexities in the nation's internal environment and external surroundings,agg...
Twenty nineteen(2019)marked another year of lethargic growth in the Chinese economy amidst escalated internal and external complexities.Internally,the country's macroeconomic landscape was overcast continuously by fal...
Faced with complicated external and internal challenges, China's economy continues to see sluggish growth in 2018. Rapid accumulation of household debts, exacerbation in income inequality, tightened real sector liquid...
Leaving year 2017 China's macroeconomy is continuously characterized by unbalanced and inadequate development. Whereas some aggregate indicators have shown improvement over the year, the cumulative growth rates in co...
By introducing money and foreign exchange in the Zou (1997) model of mercantilism, the paper shows the effects of macroeconomic policies in mercantilist economies. It is shown that in the long run, consumption and f...
Yizhong Wang is thankful to the Major Projects of the National Social Science Foundation of China (10zd&034), the Projects of the National Social Science Foundation of China (12CJY115) and the Projects of the Foundation for the Author of National Excellent Doctoral Dissertation of P. R. China (201102). Frank M. Song acknowledges support from the Projects of the National Social Science Foundation of China (71373011). Both authors are grateful to an anonymous reviewer for his/her valuable advice, to participants in the first Macroeconomic Policy and Microeconomic Behavior Symposium, the third Young Financial Academic Elite Roundtable Symposimn and the Peking University Financial Innovation and Development Seminar for their kind comments and suggestions, and to Lifang Chen, Limin Fu, Yi Fan, Yi Hu, Lan Li, Zhongyuan Lu, ~ihui Shi and Yuelin Wei for their excellent assistance. Any errors or mistakes herein, are the authors.
Using a unique set of data on fund use by China's listed companies, this paper examines how macroeconomic uncertainty works on corporate investment. The study shows that macroeconomic uncertainty affects corporate in...
This research evaluates the impact of oil price shocks on oil producing and consuming economies; we used a simultaneous equation framework for different countries with business relations. As expected, we found that oi...