Senior Fellows/Fellows

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Senior Fellows/Fellows

Leaving No One Behind: China’s Central-Local Governments and Corporate Tripartite Collaboration to Reduce Poverty

Zhaowei CHEN, Andrew DELIOS, Bernard YEUNG
We examine China’s poverty-reduction policy in a hierarchical central-local-corporation tripartite collaboration framework. In 2013, China’s central government initiated the Targeted Poverty Alleviation program to reduce poverty. Local governments first collected and recorded detailed individual...
Keywords: central-local-governments and firm collaboration, poverty alleviation, corporate antipoverty spending, tax deductions
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Senior Fellows/Fellows

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Senior Fellows/Fellows

Disclosed Analyst Corporate Site Visits, Audit Adjustments, and the Quality of Financial Statements

Lixin HUANG, Wei LI, Liansheng WU, Bernard YEUNG
Using a difference-in-differences research design that exploits the impact of mandatory full disclosure of an analyst’s corporate site visit in China, we find robust evidence that full disclosure improves the quality of financial statements via increased audit adjustments. First, after the full di...
Keywords: Analyst corporate site visits, Access to management, Audit adjustments, spillover effects, the quality of financial statements
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AMPF Papers

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Commissioned Paper

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May 2024

Debt Supercycle versus Secular Stagnation

Kenneth ROGOFF
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AMPF Papers

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Policy Note

Still Too Big to Fail?

Beatrice Weder di Mauro
After a decade of reforms aimed at ensuring no bank is too-big-to-fail, the collapse of Credit Suisse served as the first real-life test of this framework. A resolution following the international and Swiss too-big-to-fail framework would have involved recapitalizing Credit Suisse by bailing in all ...
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Annual Conference

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Labour Economics

Differential Fertility and Economic Opportunity: Evidence from China’s One-Child Policy

Yi FAN, Junjian YI, Yewen YU
Using China's one-child policy (OCP) as a quasi-natural experiment, we demonstrate that differential fertility between socioeconomic groups exacerbates intergenerational income inequality. Rural or poorer families, who are less constrained by the OCP than urban or richer ones, tend to have more chil...
Keywords: Child quantity–quality trade-off, Differential fertility, Intergenerational transmission of inequality, One-child policy
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