Merton, Robert C. "A Simple Model of Capital Market Equilibrium with Incomplete Information." Journal of Finance 42, no. 3 (July 1987): 483–509.
The IS curve shifts when external factors influence aggregate demand. An increase in government spending or consumer ...
The recent rapid growth of the offshore renminbi market presents a puzzle for analysts of China's development strategy. By allowing renminbi to flow offshore uncontrolled before loosening ...
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and the market is seeking a new equilibrium, Pan Gongsheng, governor of the People's Bank of China, the country’s central bank, said on Monday. China’s real estate market has witnessed almost ...