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.
Is ASEAN the next big growth play for global bond investors?
The external vote of confidence in ASEAN bond markets seems to be driven by the region’s strong medium- and long-term growth prospects, which bodes well for their future beyond the short term.
Asia must use fiscal policy carefully for inclusive growth
Expanding the role of fiscal policy in fighting poverty and inequality should not come at the expense of fiscal sustainability.