US Interest Rate Hikes: How Should Asia Respond?
Urgent action is needed to reduce leverage levels in case US interest rates rise faster than expected.
Can Asia Take the Next Step to High-Income?
Moving beyond middle-income status through sustained rapid growth is the natural next step for the region.
Can Asia Reach High-Income?
Total factor productivity growth in middle-income countries depends on innovation, human capital, and infrastructure.
Are Infrastructure Bonds the Next Big Thing in Infrastructure Financing?
The region’s infrastructure bond market is still at a nascent stage.
Structural Change in Asia – Good for Growth But Bad for Equity?
Recent empirical analysis of the nexus between productivity growth and wage inequality in several Asian economies provides new, policy-relevant evidence.
The Human Dimension of Population Aging in Asia
In Asia’s demographic transition, let’s not forget about the elderly. The human dimension is the key to a greyer but richer and happier region.
What Drives Credit Spreads of PRC Corporate Bonds?
Our empirical evidence indicates that PRC corporate bond credit spreads are significantly related to both micro and macro risk factors.
Is the Global Productivity Slump Here to Stay?
It is far too early to tell whether the current global productivity slump will persist – the current pessimism may be overdone.
What Drives Asian Bond Yields? Inflation, Both CPI and PPI
Our empirical evidence for 9 Asian economies indicates that both CPI and PPI inflation have a direct effect on bond yields, although each matter differently depending on the country.
Can Services Sustain the PRC's Economic Growth?
Beijing must be far bolder if the services sector is to become a more powerful and sustainable engine of economic growth and job creation.