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that some types of investment are becoming excessive in China, particularly in inland provinces. In these regions, private … existing trends continue, valuable resources could be wasted at a time when China’s ability to finance investment is facing … to that in manufacturing and real estate. Financial reform would facilitate such a reorientation, helping China to …
Persistent link: https://www.econbiz.de/10011242435
Consumption in China is unusually low and has continued to decline as a share of GDP over the past decade. A key policy …
Persistent link: https://www.econbiz.de/10008561091
This Selected Issues paper for the United States discusses the microeconomics of the country—household wealth and savings. Households’ consumption-saving decisions have an important bearing on the U.S. economic outlook. This paper demonstrates how households with consistently lower...
Persistent link: https://www.econbiz.de/10011244682
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...
Persistent link: https://www.econbiz.de/10011244773
This paper uses the IMF’s Global Integrated Monetary and Fiscal Model (GIMF) to assess the impact of fiscal consolidation on the Czech economy. Its contribution is threefold. First, it provides estimates of dynamic fiscal multipliers for a variety of fiscal instruments (tax and...
Persistent link: https://www.econbiz.de/10008876577
This paper studies a panel of China's provinces over the period 1996-2009 during which urban household saving rates …
Persistent link: https://www.econbiz.de/10009327862
This paper explores the hypothesis that the propensity to consume out of income varies in a non-linear fashion with fiscal variables, and in particular with government debt per capita. Using data from eighteen OECD countries the paper examines whether there is any empirical evidence to support...
Persistent link: https://www.econbiz.de/10008727794
From 1995 to 2005, the average urban household saving rate in China rose by 7 percentage points, to ¼ of disposable …
Persistent link: https://www.econbiz.de/10011123886
Heightened uncertainty since the onset of the Great Recession has materially increased saving rates, contributing to lower consumption and GDP growth. Consistent with a model of precautionary savings in the face of uncertainty, we find for a panel of advanced economies that greater labor income...
Persistent link: https://www.econbiz.de/10009654146
Household savings rates in the United States have recently crept up from all-time lows. Some have suggested that a shift toward frugality will hamper GDP growth-the Keynesian "paradox of thrift." We estimate that households compensate for a fall in their asset income by saving more out of their...
Persistent link: https://www.econbiz.de/10008528609