Most of the official data are released with a lag period, which increases the difficulties for decision-makers assessing the situation. To solve the problem of data lag, we used real-time Baidu Index to nowcast the Chinese consumer behavior of buying the bestselling smartphone, Huawei Mate 7. We...

This paper considers two approaches to examining potential bias in China's CPI: (i) inferring true changes in cost of living from consumer behavior; and (ii) creating alternative price indices to compare with official indices. For (i), our semi-parametric estimates agree with the recent finding...

We conduct a survey of 2,500 Chinese households to study their formation of gas price expectations following the 2022 Ukraine war. Respondents provided their priors about recent and future gas price inflation. Participants were randomly exposed to information about recent gas price inflation,...

This paper investigates the empirical validity of the claim that China employed a forward-looking monetary policy rule from 2001 to 2016. Survey expectations are used in conjunction with competing money supply and interest rate rules. The paper contributes to the literature by addressing the...

The present study aims to clarify how background factors influence consumers’ intention of purchasing organic food from individual, social, and information perspectives (i.e., health consciousness, self-perceived vegetarian, as well as labeling). Another aim is to explore the moderating role...

This research aims to determine the Chinese millennials' dominant value perception on their purchase intention of luxury fashion goods. A survey was used to analyse the importance of luxury values such as quality, uniqueness, self-expression, prestige, and brand image when purchasing luxury...

This paper applies ARDL and Nonlinear ARDL models to long-term inflation targeting policy mechanisms in the United States and China to assess the impact of oil price dynamics and asymmetries on inflation expectations in the two countries, as well as the difference of this impact before and after...

Economists and policymakers believe that households’ and firms’ expectations of future inflation are key determinants of actual inflation. This paper applies the ARDL model and nonlinear ARDL model to long-term inflation-targeting policy mechanisms in the United States and China to assess...