policymakers would have attempted to keep an investment-grade credit rating. I account for economic adjustment, and calculate …

effect on investment, and a (fairly) small significant negative effect on domestic savings. The aggregate result is thus an … considered, a small positive and statistically significant investment effect is found, together with a small negative effect on … impact on investment …

consumption, the precautionary saving channel and the investment-employment channel. Then, we use the household survey data (China … precautionary saving channel is more important in the urban household sample, while the investment-employment channel is more … its transmission mechanism and on comparing the consumption response of urban and rural households, especially in China …

This study assesses the economic implications of China's changing population in the 21st century using a numerical … general equilibrium model. The simulations show that lower fertility rates yield lower saving rates. Since lower fertility … mobility is high in China, a low fertility rate implies more future capital outflows. But if capital is less mobile, low …

investment drop-off, in particular competitive pressures from the People's Republic of China and heightened risk and uncertainty …A key legacy of the Asian financial crisis of 1997–1998 is a sustained drop-off in the investment rates of East Asian … countries that were hardest hit by the crisis. We first review the stylized facts of investment in those countries, and then …

and thus dampens consumption and investment. However, this analysis is deeply flawed and disproven by the actual behavior … hence short-term interest rates do not increase and can therefore not dampen investment and consumption in case of excess …