"In contemplating China, we need to look past carefully crafted images and deepen our understanding of her national …

income growth rate and the savings rate start to decline and capital controls in China start to relax. …

failures, China offers a unique opportunity to test the Keynesian notion that government expenditures (even as a pure waste of … aggregate resources) can have a fiscal multiplier larger than 1 on aggregate income. Perhaps even more exceptional is China … aggregate time-series data and panel data from 29 Chinese provinces, we find that the fiscal multiplier in China is larger than …

China did not succumb to the Asian crisis of 1997-99, despite two apparent sources of vulnerability: a weak financial … vulnerability were more apparent than real. China's experience (especially its use of capital controls) does not offer a blueprint … for other countries, because other countries would not want to replicate China's inefficient, non …

China’s average household saving rate is one of the highest in the world. One popular view attributes the high saving … rate to fast rising housing prices and other costs of living in China. This article uses simple economic logic to show that … rising housing prices and living costs per se cannot explain China’s high household saving rate. Although borrowing …

China’s average household saving rate is one of the highest in the world. One popular view attributes the high saving … rate to fast-rising housing prices and other living costs in China. This article uses simple economic logic to show that … rising housing prices and living costs per se cannot explain China’s high household saving rate. Although borrowing …

China's economy is opening up to the outside world. This worries those who fear the huge pool of low-cost labor will … drain jobs from U.S. shores, and less expensive goods will spark trade problems. The author points out that China's untapped … jobs that would move to China left the U.S. a long time ago. And with respect to fair trading practices, China has made …

This paper assesses China's role in Asia as an independent engine of growth, as a conduit of demand from the industrial … and VARs. The results suggest an increasing role of China as an independent source of growth. The microeconomic analysis … trade consistent with China playing an important and increasing role as a conduit. We also estimate some regressions that …