Unemployment has remained high in the Philippines, at almost twice the level of neighboring countries, despite relatively fast employment growth in the past decade. Employment growth was not sufficient to reduce unemployment because of rapid population growth and increased labor force...

China's high national savings rate-one of the highest in the world-is at the heart of its external/internal imbalances. High savings finance elevated investment when held domestically, or lead to large external imbalances when they flow abroad. Today, high savings mostly emanate from the...

Consumption in China is unusually low and has continued to decline as a share of GDP over the past decade. A key policy question is how to reverse this trend, and rebalance growth away from reliance on exports and investment and toward consumption. This paper investigates whether the sizable...

China's high national savings rate-one of the highest in the world-is at the heart of its external/internal imbalances. High savings finance elevated investment when held domestically, or lead to large external imbalances when they flow abroad. Today, high savings mostly emanate from the...

Intro -- Contents -- I. INTRODUCTION -- II. RECENT DEVELOPMENTS IN INVESTMENT -- III. WHAT IS DRIVING MANUFACTURING INVESTMENT? -- IV. WHAT IS DRIVING REAL ESTATE INVESTMENT? -- V. CONCLUSION -- ANNEX I. INVESTMENT AND SAVING DATA BY SECTOR -- REFERENCES.

Consumption in China is unusually low and has continued to decline as a share of GDP over the past decade. A key policy question is how to reverse this trend, and rebalance growth away from reliance on exports and investment and toward consumption. This paper investigates whether the sizable...

An experiment showing the effects monetary policy has on the economy.