China’s high savings rate and low consumption rate have become a major concern of policy-makers in China, as well as in the rest of the world. This paper integrates China’s demographic and national account data with age and sex profiles of household consumption- and labor earnings to project...

This paper empirically examines the relationship between government foreign debt and the growth rate of per-capita GDP based on a total sample of 77 countries, as well as sub-samples of various regions. Cross-sectional estimates of the coefficient of foreign debt based on the total sample have a...

The effects of capital taxation on external accounts depend on how government allocates the tax revenue. With government debt being endogenous, an increase in either the residential or territorial capital tax rate may decrease net foreign asset holdings. With intergenerational transfers being...