June 18, 2019 - Shaowen Luo and Kwok Ping Tsang have been awared a $20,000 grant from the Chiang Ching-kuo Foundation for  International Scholarly Exchange (CCK) to work on their project titled "The Economics of Prices in Pre-Modern China".  The project aims to digitalize and clean existing historical data on prices throughout the history of China, compile a dataset that is analogous to the current consumer price index and then use the data to study several macroeconomic issues under the context of China history, including measurement of purchasing power and cost of living, the statistical properties of inflation and how they change over time, the relationship between geography and price despersion, and prices under different monetary systems.