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This Occasional Paper provides an overview of the main challenges facing Hong Kong SAR as it continues to become more closely integrated with the mainland of China. Section I provides an overview of recent macroeconomic developments and the main policy issues in Hong Kong SAR. Section II...
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Robust GDP growth, declining unemployment, low and stable inflation, and a string of fiscal and current account …
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. First, it explores the interest rate-inflation relationship in economies with different levels of external and domestic … public debt using panel- and crosssection data. The results show that interest rate-inflation elasticity weakens with debt …
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help prevent or minimize the risk of fiscal crises and the corresponding risk of central bank financing and inflation. …
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