Y. F. LUK
Dr. Y. F. LUK
Economics
Honorary Associate Professor

3910 2310

KK 305

Publications
The 2-Percent Inflation Target and US Inflation

When will rate-hiking cycle end? The US Federal Reserve has just announced that it will keep the current interest rate unchanged, which has been at a 23-year high for the sixth straight meeting. An interest rate cut is expected to occur later than originally anticipated. What determines whether interest rates are raised or lowered? The goal of the Fed’s monetary policy is commonly known as the dual mandate - pursuing maximum employment while maintaining price stability. This is mainly achieved through controlling inflation.

The 2-Percent Inflation Target and US Inflation

When will rate-hiking cycle end? The US Federal Reserve has just announced that it will keep the current interest rate unchanged, which has been at a 23-year high for the sixth straight meeting. An interest rate cut is expected to occur later than originally anticipated. What determines whether interest rates are raised or lowered? The goal of the Fed’s monetary policy is commonly known as the dual mandate - pursuing maximum employment while maintaining price stability. This is mainly achieved through controlling inflation.

Japan Ends Negative Interest Rate Policy

The Bank of Japan recently ended its eight-year negative interest rate monetary policy, sparking interest among international investors in the future trends of the yen exchange rate and the performance of the Japanese economy.

Japan Ends Negative Interest Rate Policy

The Bank of Japan recently ended its eight-year negative interest rate monetary policy, sparking interest among international investors in the future trends of the yen exchange rate and the performance of the Japanese economy.

The Global Trade Outlook Looks Gloomy

The 13th Ministerial Conference of the WTO concluded in UAE last week. Although it received significant attention, the results were disappointing. In fact, since the financial crisis of 2008, the global trade growth has slowed down, and the outlook is gloomy.

The Global Trade Outlook Looks Gloomy

二次大戰後,全球貿易的增長持續快於全球GDP的增長,成為推動全球經濟的主要動力;同時,貿易增長較快,表示經濟體之間的互動愈來愈多,也是全球化正在進行的一個指標。然而,這個趨勢到2008年起便停止。金融海嘯後,貿易增長總的來說稍慢於GDP增長。

The Euro at 25

The euro, introduced in 1999, is celebrating its 25th anniversary after gradually replacing the currencies of 20 countries and becoming widely used by European citizens. The introduction of the euro was a significant milestone in the international monetary system and aimed to promote European economic cooperation, unity, and strength. However, critics raised concerns about the decision-making process of the ECB and its potential to cause discord among member states.

The Euro at 25

經過兩次大戰的生靈塗炭,歐洲人終於化干戈為玉帛,把精力用在經濟合作,一來有利於發展經濟,二來防止再度戰爭。數十年來,歐洲的經濟整合緩慢但穩步發展,從五十年代只有6個成員的歐洲共同市場,發展到今天27個成員的歐盟,而合作的內容,從開始時的煤炭和鋼鐵,到今天20個成員共用的歐羅。

The US Congress’ perspective on US-China competition

中美建交至今年元旦剛好45年,但當前的中美關係,大概是建交以來最惡劣的情況。就在一個月前,美國國會參議院一個特設委員會,推出一份如何讓美國贏得中美經濟競爭的報告,概括了共和民主兩黨議員對中美經濟關係的主要觀點,並列舉一系列美國應採取的政策建議來對付中國。