INTRODUCTION

摘要

This issue begins with a highly topical discussion of the changing relationship between Hong Kong and Mainland China. Kerry Liu argues that an important backdrop to political unrest is the declining economic significance of the former British colony for President Xi Jinping's new China model. Anthony J. Evans sees the 'natural' rate of interest as an important concept lying behind monetary economists' analysis of the macroeconomy. He uses productivity data to estimate the natural rate for the UK from 1998 to 2018.