Dr. LEE Shu KamDr. WOO Kai YinDr. YEUNG Wai Man, RaymondRaymondDr. YEUNG Wai Man2020-11-092020-11-092011The Chinese Economy, 2011, vol. 44(3), pp. 71-83.1097-14751558-0954http://hdl.handle.net/20.500.11861/6033This article adopts a time-varying parameter model to investigate whether the economic downturn has affected convergence of the consumer price index. The dynamic patterns of the international purchasing-power parity coefficients in mainland China before and after the financial tsunami are found to differ, indicating that the convergence has indeed been adversely affected by the downturn.enImpact of the financial tsunami on the convergence of the consumer price index in ChinaPeer Reviewed Journal Article10.2753/CES1097-1475440305