Chong kee Yip Department of Economics, The Chinese University of Hong Kong The Chinese University of Hong Kong The Chinese University of Hong Kong Shatin, N.T., Hong Kong chongkeeyip@cuhk.edu.hk http://www.cuhk.edu.hk/eco/staff/ckyip/ckyip.htm Biographical Sketch: Primary Research Focus : JEL Areas : E:Macroeconomics and Monetary Economics F:International Economics