Taxing and trading for a greener future: The impacts of China's environmental and trade policies on environmental sustainability.

This study delves into the dynamics of China's environmental and trade policies and their impact on environmental sustainability over the period spanning from 1998 to 2022. Employing the autoregressive distributed lag methodology for empirical analysis, our investigation reveals distinctive patterns in policy outcomes. First and foremost, our research illuminates the affirmative role of environmental policy in fostering environmental sustainability.

External financial and monetary policy shocks: Do they matter for Korean macroeconomy?

Given Korea's status as a small, open economy, it exhibits a pronounced sensitivity to external shocks. Consequently, this article seeks to elucidate the impact of external financial and monetary policy shocks on the fluctuation of critical macroeconomic variables within Korea. Employing Bayesian estimation alongside the impulse response function for empirical analysis, the findings reveal that external financial and monetary policy shocks precipitate declines in exports, output, employment, real wages, consumption, investment, and imports.