G20 finance ministers reach consensus on stabilizing the banking system Finance ministers and central bankers from the Group of 20 (G20) leading advanced and emerging economies issued a communiqué on October 15 a...G20 finance ministers reach consensus on stabilizing the banking system Finance ministers and central bankers from the Group of 20 (G20) leading advanced and emerging economies issued a communiqué on October 15 after a meeting in Paris, their last meeting before the展开更多
"The green mountains cannot prevent a river from flowing, inevitably,its running eastward continues". The day when HongKong returns to theembrace of the motherland is imminent and it has become an importanti..."The green mountains cannot prevent a river from flowing, inevitably,its running eastward continues". The day when HongKong returns to theembrace of the motherland is imminent and it has become an importantissue attracting the common attentions of various provinces and citiesthroughout the country to further study the issue of, and promote, economic and trade cooperation with HongKong. Guangdong Provice hasclose geographical, human and mutually dependent relations withHongKong and therefore feels more concerned.展开更多
Despite a drop in global competitiveness ranking, China is still a key driving force in the global economy THE latest edition of the World Economic Forum＇s Global competitiveness Report sees a decline in the rankings...Despite a drop in global competitiveness ranking, China is still a key driving force in the global economy THE latest edition of the World Economic Forum＇s Global competitiveness Report sees a decline in the rankings for china, from 26th to 29th in the Global competitiveness展开更多
Central Economic Work Conference was held in Beijing from December 12 to December 14.The meeting proposed the general requirements for economic work of 2012.In 2012,the government will continue to carry out proactive ...Central Economic Work Conference was held in Beijing from December 12 to December 14.The meeting proposed the general requirements for economic work of 2012.In 2012,the government will continue to carry out proactive fiscal policy and展开更多
Dependency sectors, most notably on oil-derived fuels in various in mobility, has left the global economy vulnerable to several macroeconomic economic side effects. Numerous studies have addressed the effect of price...Dependency sectors, most notably on oil-derived fuels in various in mobility, has left the global economy vulnerable to several macroeconomic economic side effects. Numerous studies have addressed the effect of price volatility on specific economic parameters. However, the current literature lacks a comprehensive review of the interactions between global macroeconomic performance and oil price volatility （OPV）. Price volatility is intrinsic in commodity markets, but has been advancing at a faster rate in the crude oil market in comparison to other commodities over the past decade, reflecting the status ofoil as the most globalised commodity. In this paper, the analytical literature review and analysis of the behavioral responses of macroeconomic agents to OPV shows that such volatility has several damaging and destabilizing macro- economic impacts that will present a fundamental barrier to future sustainable economic growth if left unchecked. To ensure macroeconomic isolation from OPV, a combination of supply and demand-side policies have been recom- mended that can help to mitigate and build resilience to the economic uncertainty advanced by OPV.展开更多
Using the structural vector autoregression model, we estimate the current responses of monetary policy to contemporaneous shocks from macroeconomic variables. Our findings indicate that the People＇s Bank of China res...Using the structural vector autoregression model, we estimate the current responses of monetary policy to contemporaneous shocks from macroeconomic variables. Our findings indicate that the People＇s Bank of China responded to inflation and output changes, but did not react to asset price fluctuations during the period from January 1997 to March 2010. The optimal monetary responses to exogenous shocks are also examined It is revealed that using asset prices to formulate monetary policy would not help to improve monetary authorities ＇performance in lowering the volatilities of output growth and inflation while keeping output growth and inflation in their safety zones. The effectiveness of monetary policy and fiscal policy in reacting to external shocks is also discussed.展开更多
文摘G20 finance ministers reach consensus on stabilizing the banking system Finance ministers and central bankers from the Group of 20 (G20) leading advanced and emerging economies issued a communiqué on October 15 after a meeting in Paris, their last meeting before the
文摘"The green mountains cannot prevent a river from flowing, inevitably,its running eastward continues". The day when HongKong returns to theembrace of the motherland is imminent and it has become an importantissue attracting the common attentions of various provinces and citiesthroughout the country to further study the issue of, and promote, economic and trade cooperation with HongKong. Guangdong Provice hasclose geographical, human and mutually dependent relations withHongKong and therefore feels more concerned.
文摘Despite a drop in global competitiveness ranking, China is still a key driving force in the global economy THE latest edition of the World Economic Forum＇s Global competitiveness Report sees a decline in the rankings for china, from 26th to 29th in the Global competitiveness
文摘Central Economic Work Conference was held in Beijing from December 12 to December 14.The meeting proposed the general requirements for economic work of 2012.In 2012,the government will continue to carry out proactive fiscal policy and
文摘Dependency sectors, most notably on oil-derived fuels in various in mobility, has left the global economy vulnerable to several macroeconomic economic side effects. Numerous studies have addressed the effect of price volatility on specific economic parameters. However, the current literature lacks a comprehensive review of the interactions between global macroeconomic performance and oil price volatility （OPV）. Price volatility is intrinsic in commodity markets, but has been advancing at a faster rate in the crude oil market in comparison to other commodities over the past decade, reflecting the status ofoil as the most globalised commodity. In this paper, the analytical literature review and analysis of the behavioral responses of macroeconomic agents to OPV shows that such volatility has several damaging and destabilizing macro- economic impacts that will present a fundamental barrier to future sustainable economic growth if left unchecked. To ensure macroeconomic isolation from OPV, a combination of supply and demand-side policies have been recom- mended that can help to mitigate and build resilience to the economic uncertainty advanced by OPV.
基金the National Natural Science Foundation of China(Grant No.70841023)
文摘Using the structural vector autoregression model, we estimate the current responses of monetary policy to contemporaneous shocks from macroeconomic variables. Our findings indicate that the People＇s Bank of China responded to inflation and output changes, but did not react to asset price fluctuations during the period from January 1997 to March 2010. The optimal monetary responses to exogenous shocks are also examined It is revealed that using asset prices to formulate monetary policy would not help to improve monetary authorities ＇performance in lowering the volatilities of output growth and inflation while keeping output growth and inflation in their safety zones. The effectiveness of monetary policy and fiscal policy in reacting to external shocks is also discussed.
