This article employs structural break tests of unknown point with nuisance parameter to test for possible break in China's business cycle volatility and identifies that the last quarter of 1995 is the significant structural break point. The paper then constructs a counterfactual analysis to...

"The book comprehensively studies the dynamic mechanism of inflation in China from the perspective of New Keynesian Economics, deploying the traditional Phillips curve and incorporating factors of globalization and financialization in the inflation formation regime of modern China."

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...