In most OECD countries the gap between rich and poor has widened over the past decades. This paper analyzes whether and to what extent taxes and social transfers have contributed to this trend. Has the redistributive power of different social programs changed over time? The paper contributes to...

The issue of income inequality in the People's Republic of China (PRC) has attracted world-wide attention, leading to a sizable literature. This paper attempts to provide a nonexhaustive literature review of the PRC's inequality trends and determinants, and suggested government interventions. It...

In Jin et al. (2014), the limiting spectral distribution (LSD) of a symmetrized auto-cross covariance matrix is derived using matrix manipulation. The goal of this note is to provide a new method to derive the LSD, which greatly simplifies the derivation in Jin et al. (2014). Moreover, as a...

This paper applies inverse theory to the estimation of the implied risk-neutral probability density function (PDF) from option prices. A general framework of inverting option prices for the implied risk-neutral PDF is formulated from the option pricing formula of Cox and Ross [<italic>J. Financial...

This article examines the performance of inflation targeters during the 2007-2012 downturn compared to those without this policy. Propensity score matching methods are used to compare the policy regimes, where during a downturn the more successful policy results in higher inflation and output...

type="main" xml:lang="en" <title type="main">Abstract</title> <p>Asia is home to almost half of the global urban population and is urbanising at a pace faster than any other region, leading to greater environmental challenges that are already serious. This article offers a balanced assessment on the relationship between...</p>

This paper explores China’s strategies for addressing climate change on the industrial level. Focusing on six energy-intensive industries, this paper applies gray relational analysis theory to the affecting factors to CO<Subscript>2</Subscript> emissions of each industry after calculating each industry’s CO<Subscript>2</Subscript>...</subscript></subscript>