For the first time in the literature, we develop a quantitative indicator of the Chinese government's policy priorities over a long period of time, which we call the Policy Change Index (PCI) for China. The PCI is a leading indicator of policy changes that covers the period from 1951 to the...

We have developed a quantitative indicator to predict if and when a series of protests in China, such as the one that began in Hong Kong in 2019, will be met with a Tiananmen-like crackdown. The indicator takes as input protest-related articles published in the People's Daily—the official...

Conventional wisdom suggests that non-local buyers usually pay a premium for home purchases. While the standard contract theory predicts that non-local buyers may pay such a price premium because of the higher cost of gathering information, behavioral economists argue that the premium is due to...