This paper studies the impact of household indebtedness on the consumption channel of monetary policy using the Chinese … there is a much larger counteraction of consumption in response to monetary policy shocks when household indebtedness … houses in China …

This paper studies the impact of household indebtedness on the transmission of monetary policy to consumption using the … non-linear as there is a much larger counteraction of consumption in response to monetary policy shocks when household … of real estate in China …

This paper adds to the literature on wealth effects on consumption by disentangling house price effects on consumption … for mainland China. In a stochastic modelling framework, the riskiness, rate of increase and persistence of house price … movements have different implications for the consumption/housing ratio. We exploit the geographical variation in property …

This paper adds to the literature on wealth effects on consumption by disentangling house price effects on consumption … for mainland China. In a stochastic modelling framework, the riskiness, rate of increase and persistence of house price … movements have different implications for the consumption/housing ratio. We exploit the geographical variation in property …

This paper adds to the literature on wealth effects on consumption by disentangling house price effects on consumption … for mainland China. In a stochastic modelling framework, the riskiness, rate of increase and persistence of house price … movements have different implications for the consumption/housing ratio. We exploit the geographical variation in property …

This paper adds to the literature on wealth effects on consumption by disentangling house price effects on consumption … for mainland China. In a stochastic modelling framework, the riskiness, rate of increase and persistence of house price … movements have different implications for the consumption/housing ratio. We exploit the geographical variation in property …