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its transmission mechanism and on comparing the consumption response of urban and rural households, especially in China … consumption, the precautionary saving channel and the investment-employment channel. Then, we use the household survey data (China …
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, using local projections, the paper zooms in on shocks originating in the United States, Europe, and China. Our results …, Europe, and China reduces economic activity in the rest of the world, with the effects being mostly felt in Europe and the …
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We study a new consumption stimulus model that leverages mobile payment platforms to dispense massive amounts of small-value, use-it-this-week-or-lose-it digital coupons. We evaluate the effects of one such program in a large Chinese city using novel data of mobile platform transactions of 1...
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