Boosting private demand and curbing inflation are two major targets set by China’s policymakers. This paper studies China’s policy choices when faced with increased labor income volatility. Using a multi-sector DSGE model, we analyze the negative impact of labor income volatility on...

In March 2018, the US used an immense trade deficit as an excuse to provoke trade friction with China. This study uses the EGARCH model and event study methods to study the impact of the major risk event of Sino-US trade friction on soybean futures markets in China and the United States. Results...