Back in the late 1990’s, very few economists believed that within 20 years, China would grow to become the second latest economy in the world. Fast forward to nowadays, many economists believe that in another 20 years, China can overtake the United States as the largest economy in the world. Some policy makers in the United States even expressed that preventing China from overtaking the United States is the most important guiding factor in deciding the policies of the United States. How did...| 一言堂
In 2007, a strange financial crisis happened in the US and soon spreaded to every corner in the world. It is strange because unlike other recessions that happened before, it is not triggered by an event, such as external shocks or sudden policy adjustments. Nevertheless, the resulting economic recession was not any less than others, with a rippling effect that is probably longer than most.| 一言堂
Before the early 20th century, central banks’ responsibilities and thus their powers were rather limited. They were set up to issue currency, purchase government debt and facilitate inter-bank transactions. There were not many monetary policies to make; managing the macro economy was not their responsibility.| 一言堂
我前一段研究了一阵子宏观经济学。目前由于种种原因， 全球经济前景不容乐观 . 纯市场手段已经不起作用，宏观调控手段 从过去经验上来看 ，有不小的 副作用 . 那么，还有什么方法能让经济发展稳定下来，而不是滞胀，或者忽冷忽热呢？我有了一个大胆的想法。| 一言堂
The United States is the first and the biggest modern democracy in this world. However, it also has a rather dark history of inequality that has its root in slavery. Things have gotten much better in the recent decades, but the situation is still not quite what we would like it to be, despite all the legislation reforms and affirmative actions. The black community is still suffering from lower income, higher crime rate, lower education and poor health care. All of these are unjust.| 一言堂
China’s job structure is becoming more dependent on the service sector and moving away from agriculture, mining, manufacturing and construction. As in wealthier countries, the labor market in major…| Chuang