CEMA Working Papers

From China Economics and Management Academy, Central University of Finance and Economics
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640: Money, Growth, and Welfare in a Schumpeterian Model with Automation

Qichun He, Xin Yang and Heng-Fu Zou

639: Crony capitalism, bureaucratic capitalism, and familial hierarchy

Heng-Fu Zou

638: Fundamentals of Technology Innovations and Business Cycles

Junzhu Zhao and Heng-Fu Zou

637: Industrialization, State Control, and the Great Divergence: Jiangnan and England

Heng-Fu Zou

636: Power, Transaction Costs, the Firm, and the Market

Heng-Fu Zou

635: Power and Wealth

Heng-Fu Zou

634: On the Size Distribution of Macroeconomic Disasters

Robert Barro and Tao Jin

633: Social Sources of Power and Transaction Costs

Heng-Fu Zou

632: Recent Studies on Macro Dynamics and Finance

Heng-Fu Zou

631: Heng-fu Zou's Political Economy of Republicanism

Heng-Fu Zou

630: The Spirit of Capitalism, Endogenous Preferences, Prosperity, and Depression

Peng Wang and Heng-Fu Zou

629: Notes on the Nature of Chinese Ancient Political Economy

Heng-Fu Zou

628: Power Corrupts, and Absolute Power Corrupts Absolutely

Heng-Fu Zou

627: Endogenous Constitutional Democracy Capital and Economic Development

Wei Liang and Heng-Fu Zou

626: The right to bear arms, private property, and economic growth

Qixin Zhan and Heng-Fu Zou

625: A Macroeconomic Model with Property-Rights Capital

Minxian Sun and Heng-Fu Zou

624: The Rule-of-Law Capital, Growth, and Development

Qixin Zhan, Junzhu Zhao and Heng-Fu Zou

623: The Trinity of Liberty, the Rule of Law, and Private Property

Heng-Fu Zou

622: Consumption Dynamics under Information Processing Constraints

Yulei Luo

621: The Fundamental Institutions of China's Reforms and Development

Chenggang Xu

620: Rare Disasters and Asset Markets in the Twentieth Century

Robert Barro

619: Liberty Capital Accumulation and Economic Growth

Qixin Zhan and Heng-Fu Zou

618: The Spirit of Capitalism, Entrepreneurship, and Talent Allocation

Yang Ming and Heng-Fu Zou

617: Currency misalignments, international trade in intermediate inputs, and inflation targeting

Liutang Gong, Chan Wang, Liyuan Wu and Heng-Fu Zou

616: The Spirit of Capitalism and Consumption Inequality

Yulei Luo, Jun Nie and Heng-Fu Zou

615: Money, Growth, and Welfare in a Schumpeterian Model with the Spirit of Capitalism

Qichun He, Yulei Luo, Jun Nie and Heng-Fu Zou

614: The spirit of capitalism and optimal capital taxation

Fanghui Li, Gaowang Wang and Heng-Fu Zou

613: Real Estate, Interest Rates, and Crowding-out Effects

Tianye Lin, Yangyang Ji and Sen Zhang

612: Optimal monetary policy cooperation with a global shock and dollar standard

Xiaoyong Cui, Liutang Gong, Chan Wang and Heng-Fu Zou

611: Optimal monetary policy in a model of vertical production and trade with reference currency

Liutang Gong, Chan Wang and Heng-Fu Zou

610: International trade in intermediate inputs and the welfare gains from monetary policy cooperation

Liutang Gong, Jianjian Liu, Chan Wang, Liyuan Wu and Heng-Fu Zou

609: The relative price of investment goods, the price level, and the "slope puzzle"

Sen Zhang, Yangyang Ji and Tianye Lin

608: Capital Controls: Myth and Reality--A Portfolio Balance Approach

Nicolas Magud, Carmen Reinhart and Kenneth Rogoff

607: The Kuznets Curve on Income Distribution Does Not Hold in China: A Critical Assessment

Qichun He and Heng-Fu Zou

606: Central Bank Independence and Inflation: Schumpeterian Theory and Evidence

Qichun He and Heng-Fu Zou

605: Land-price dynamics and macroeconomic fluctuations with nonseparable preferences

Liutang Gong, Chan Wang, Fuyang Zhao and Heng-Fu Zou

604: Optimal monetary policy with international trade in intermediate inputs

Liutang Gong, Chan Wang and Heng-Fu Zou

603: Optimal Exchange-Rate Policy in a Model of Local-Currency Pricing with Vertical Production and Trade

Liutang Gong, Chan Wang and Heng-Fu Zou

602: Optimal Monetary Policy Under a Global Dollar Standard: The Effect of Vertical Trade and Production

Chan Wang and Heng-Fu Zou

601: Does inflation cause growth in the reform-era China? Theory and evidence

Qichun He and Heng-Fu Zou

600: On regional integration, fiscal income, and GDP per capita

Yutao Han and Zhen Song

599: Optimal Income Taxation and Job Choice

Robin Boadway, Zhen Song and Jean-François Tremblay

598: Economic growth

Heng-Fu Zou

597: Public finance

Heng-Fu Zou

596: Macroeconomic Dynamics

Heng-Fu Zou

595: This Time is Different: A Panoramic View of Eight Centuries of Financial Crises

Carmen Reinhart and Kenneth Rogoff

594: Addicted to Dollars

Carmen Reinhart, Kenneth Rogoff and Miguel Savastano

593: Consumption Externality and Indeterminacy under Increasing Returns to Scale and Endogenous Capital Depreciation

Gaowang Wang and Heng-Fu Zou

592: Does Fiscal Decentralization Increase the Investment Rate? Evidence from Chinese Dynamic Panel Data

Qichun He, Meng Sun and Heng-Fu Zou

591: Creative Destruction with Credit Inflation

Qichun He and Heng-Fu Zou