, this adjustment can slow GDP growth by weighing on consumption. Using a sample of advanced and emerging market economies …

'buffer stock' model of optimal consumption in the presence of labor income uncertainty and credit constraints. Saving in the …

The Chinese government has recently focused on the need to increase consumption to rebalance the economy. A widely held … view is that despite China''s remarkably high growth, the share of consumption in total expenditure has been low and …

creating alternative savings instruments are likely to have the biggest impact on consumption. Other mechanisms to raise …This paper gauges the key determinants of China''s private consumption in relation to GDP using data on the Chinese … economy and evidence from other countries'' experiences. The results suggest there is nothing ""special"" about consumption in …

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 … saving and increased consumption. The main findings are that spending on health, but not education, had an impact on …

‘buffer stock’ model of optimal consumption in the presence of labor income uncertainty and credit constraints. Saving in the …