In this study, we estimate and investigate the evolution of monetary rules in China and the United States in the 21st century. Our goal is to examine if financial stability has been taken into consideration in practical monetary policy decision-making. By proposing a new estimation method that...

Chapter 1: The introduction of the portfolio management and risk evaluation -- Chapter 2: The major trends in financial portfolio management -- Chapter 3: Machine Learning and AI in financial portfolio management -- Chapter 4: Introduction of Alternative data in Finance -- Chapter 5: Alternative...

This paper develops a new econometric framework to estimate and classify exchange rate regimes. They are classified into four distinct categories: fixed exchange rates, BBC (band, basket and crawl), managed floating, and freely floating. The procedure captures the patterns of exchange rate...

This paper develops a new econometric framework to estimate and classify exchange rate regimes. They are classified into four distinct categories: fixed exchange rates, BBC (band, basket and crawl), managed floating, and freely floating. The procedure captures the patterns of exchange rate...

We build an endogenous growth model with consumer-generated data as a new key factor for knowledge accumulation. Consumers balance between providing data for profit and potential privacy infringement. Intermediate good producers use data to innovate and contribute to the final good production,...

We model a dynamic data economy with fully endogenous growth where agents generate data from consumption and share them with innovation and production firms. Different from other productive factors such as labor or capital, data are nonrival not only among firms but also in their uses across...