This paper studies the wealth channel in China. Using the structural vector autoregression method, we find that a … loosening of China’s monetary policy indeed leads to higher asset prices, which in turn are linked to household consumption …. However, the importance of the wealth channel as a part of the monetary policy transmission mechanism in China is still …

1970, 1980, 1990, 2000, one output: GDP per worker; three inputs: human capital, public physical capital per worker and … private physical capital per worker. We use a semiparametric analysis, computing Malmquist productivity indexes, and we also …

the garment industry. The analysis will essentially serve to assist the Commission in clarifying its ideas and identifying …

Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those … pursuing a monetary policy based on a strategy of direct inflation targeting. Macroeconomic theory indicates that the … to properties of inflation expectations. Qualitative data on inflation expectations, as obtained from surveys, can be …

regulatory risks they pose to financial stability. Although post trade clearing and settlement are sometimes referred to as the …