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Hongyi Chen

Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR)

3 Garden Road, 8th Floor

Hong Kong

China

  • Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR)

SCHOLARLY PAPERS

10

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1,570

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12

Scholarly Papers (10)

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1.

Central bank digital currency: A review and some macro-financial implications

Downloads 800 (50,190)

Central bank digital currency: A review and some macro-financial implications

Number of pages: 51 Posted: 03 Feb 2022
Hongyi Chen and Pierre L. Siklos
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR) and Wilfrid Laurier University - School of Business & Economics
Downloads 800 (76,666)

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Central Bank Digital Currency, Velocity, Money Demand, Monetary Policy, McCallum Rule

2.

To Guide or Not to Guide? Quantitative Monetary Policy Tools and Macroeconomic Dynamics in China

Downloads 162 (264,351)
Citation 8

To Guide or Not to Guide? Quantitative Monetary Policy Tools and Macroeconomic Dynamics in China

BOFIT Discussion Paper No. 3/2017
Number of pages: 45 Posted: 02 Mar 2017 Last Revised: 18 Nov 2021
Hongyi Chen, Michael Funke, Ivan Lozev and Andrew Tsang
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR), University of Hamburg - Department of Economics, University of Hamburg - Department of Economics and ASEAN+3 Macroeconomic Research (AMRO)
Downloads 162 (461,307)
Citation 8

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3.

The Diffusion and Dynamics of Producer Prices, Deflationary Pressure across Asian Countries, and the Role of China

Downloads 110 (307,444)

The Diffusion and Dynamics of Producer Prices, Deflationary Pressure Across Asian Countries, and the Role of China

BOFIT Discussion Paper No. 11/2016
Number of pages: 43 Posted: 15 Sep 2016
Hongyi Chen, Michael Funke and Andrew Tsang
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR), University of Hamburg - Department of Economics and ASEAN+3 Macroeconomic Research (AMRO)
Downloads 110 (643,876)

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producer prices, international spillovers, deflation, Asia

4.

Hong Kong SAR Economic Integration with the Pearl River Delta

IMF Working Paper No. 08/273
Number of pages: 31 Posted: 18 Dec 2008
Hongyi Chen and Olaf Unteroberdoerster
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR) and International Monetary Fund (IMF) - Asia and Pacific Department
Downloads 160 (469,621)

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Economic integration, Hong Kong Special Administrative Region of China, China, People's Republic of, Financial sector, Trade integration, Investment policy, Infrastructure, Services sector, Human capital

5.

Monetary Regime Choice in China: Policy Rules for Navigating in Dark Corners

Number of pages: 19 Posted: 08 Feb 2017
Hongyi Chen and Paul D. McNelis
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR) and Fordham University - Gabelli School of Business
Downloads 94 (720,278)
Citation 1

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Dark corners, regime choice

6.

Exchange Rate Movements and Fundamentals: Impact of Oil Prices and the People’s Republic of China’s Growth

ADBI Working Paper 938, March 2019
Number of pages: 35 Posted: 16 Oct 2019
Hongyi Chen and Shuo Cao
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR) and Shenzhen Stock Exchange
Downloads 74 (844,901)
Citation 3

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exchange rates, commodity prices, People’s Republic of China’s growth, monetary policy, factor model, TVP-FAVAR, Bayesian methods

7.

Oil Price Uncertainty, Financial Distress and Real Economic Activities: Evidence from China

Number of pages: 1 Posted: 14 Mar 2023
Jingjie Xiang, Hongyi Chen and Li Li
Central China Normal University, Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR) and Peking University, Guanghua School of Management, Students
Downloads 66 (924,743)

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Oil price uncertainty, Financial distress, Real economy

8.

Multiple Monetary Policy Instruments, Foreign Exchange Intervention, and Exchange Rate in China

Number of pages: 45 Posted: 16 Jan 2023
Soyoung Kim and Hongyi Chen
Seoul National University and Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR)
Downloads 43 (1,145,425)

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Monetary Policy, Foreign Exchange Intervention, Exchange Rate, China, Multiple Monetary Policy Instruments

9.

Estimates of the Neutral Rate of Interest for China: Business and Financial Cycle Implications

Number of pages: 39 Posted: 16 Sep 2025
Hongyi Chen and Pierre L. Siklos
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR) and Wilfrid Laurier University - School of Business & Economics
Downloads 32 (1,290,922)

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China, monetary policy, neutral rate, US role, business vs financial cycles

10.

Oceans Apart? China and Other Systemically Important Economies

Number of pages: 45 Posted: 28 Sep 2022
Hongyi Chen and Pierre L. Siklos
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR) and Wilfrid Laurier University - School of Business & Economics
Downloads 29 (1,332,057)

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International spillovers, time-varying factor models, panel VARs, policy coordination, G3, China