worker, job creation and job destruction conditional on a shock to monetary policy. Moreover, allowing for variation of the … helps to explain the sluggishness of inflation and the persistence of output after a monetary policy shock. The ability of …

stimulating and disciplining environment for large companies while at the same time facilitating the growth of young innovative …

Private consumption is a key component in the rebalancing of growth that China is seeking, and a challenging one. Not …. Understanding what drove the consumption share down to a mere 36% of GDP in China is thus vital. This brief explores the many … reasons for the high precautionary savings that followed in the wake of the reform process in China. In particular, the …

understand what is driving this slowdown and how lasting it may be given China's importance as an engine for global growth. Is …China's economy slowed significantly in the first three quarters of 2012 and questions have been raised on a possible … downturn; or is it in a transition to lower but still sustained growth rates? …

Since the release of the 12th Five-Year Plan in 2011, a reform of China's household registration system – the so …-called hukou reform - is mentioned as a possible tool to promote labour mobility, boost incomes, rebalance the growth model towards … so far (beyond some experiments at the provincial level). In the context of growing urbanisation pressures in China, a …

-income' trap, China's leaders are attempting to engineer a reorientation of the economy towards more sustainable sources of growth …China's economy is at a cross roads. The factors that have driven its economic transformation over the last decades are …. While considerable success has been achieved, more needs to be done more quickly before the authorities in China can prove …