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Is Housing Wealth An 'ATM'? the Relationship Between Household Wealth, Home Equity withdrawal, and Saving Rates
Klyuev, Vladimir; Mills, Paul S. - International Monetary Fund (IMF) - 2006
This paper examines the role increasing personal wealth and home equity withdrawal (HEW) have had in the decline in the personal saving rate in the United States. It does so by comparing the U.S. experience with those of Australia, Canada, and the United Kingdom. Mortgage market liberalization...
Persistent link: https://www.econbiz.de/10005263776
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The Myth of Post-Reform Income Stagnation; Evidence From Brazil and Mexico
Filho, Irineu E. Carvalho; Chamon, Marcos - International Monetary Fund (IMF) - 2008
Economic policies are often judged by a handful of statistics, some of which may be biased during periods of change. We estimate the income growth implied by the evolution of food demand and durable good ownership in post-reform Brazil and Mexico, and find that changes in consumption patterns...
Persistent link: https://www.econbiz.de/10005769214
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Public Expenditureson Social Programs and Household Consumption in China
Baldacci, Emanuele; Ding, Ding; Coady, David; … - International Monetary Fund (IMF) - 2010
household consumption in China. The paper first undertakes an empirical study of the relationship between the savings rate and …
Persistent link: https://www.econbiz.de/10008470372
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Determinants of China's Private Consumption; An International Perspective
Guo, Kai; Papa M'B. P. N'Diaye - International Monetary Fund (IMF) - 2010
creating alternative savings instruments are likely to have the biggest impact on consumption. Other mechanisms to raise …
Persistent link: https://www.econbiz.de/10008470395
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China; Does Government Health and Education Spending Boost Consumption?
Barnett, Steven; Brooks, Ray - International Monetary Fund (IMF) - 2010
Consumption in China is unusually low and has continued to decline as a share of GDP over the past decade. A key policy question is how to reverse this trend, and rebalance growth away from reliance on exports and investment and toward consumption. This paper investigates whether the sizable...
Persistent link: https://www.econbiz.de/10008561091
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Life-Cycles, Dynasties, Savings; Implications for Closed and Small, Open Economies
Faruqee, Hamid; Laxton, Douglas - International Monetary Fund (IMF) - 2000
This paper examines the macroeconomic implications of life-cycle and dynastic saving behavior for closed and small, open economies. Using an extended version of Blanchard’s overlapping agents model, the analytical framework nests these two competing views, treating agents as either dynastic...
Persistent link: https://www.econbiz.de/10005826319
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Inequality, Leverage and Crises: The Case of Endogenous Default
Kumhof, Michael; Ranciere, Romain; Winant, Pablo - International Monetary Fund (IMF) - 2013
The paper studies how high household leverage and crises can arise as a result of changes in the income distribution. Empirically, the periods 1920-1929 and 1983-2008 both exhibited a large increase in the income share of high-income households, a large increase in debt leverage of the...
Persistent link: https://www.econbiz.de/10010790328
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Consumption Based Estimates of Urban Chinese Growth
Chamon, Marcos; Filho, Irineu E. Carvalho - International Monetary Fund (IMF) - 2013
This paper estimates the household income growth rates implied by food demand in a sample of urban Chinese households in 1993–2005. Our estimates, based on Engel curves for food consumption, indicate an average per capita income growth of 6.8 percent per year in 1993–2005. This...
Persistent link: https://www.econbiz.de/10011142159
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United States; Selected Issues
International Monetary Fund (IMF); International … - 2012
savings. Households’ consumption-saving decisions have an important bearing on the U.S. economic outlook. This paper …
Persistent link: https://www.econbiz.de/10011244682
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Spain; Selected Issues
International Monetary Fund (IMF); International … - 2013
This Selected Issues paper analyzes household savings ratio in Spain. The household savings ratio has fallen to its … lowest historical rate in 2012, as households cut back savings to support consumption in response to negative income shocks …. Household savings fell across all households, but the declines were likely more material among lower income and highly indebted …
Persistent link: https://www.econbiz.de/10011244773