The effectiveness of China’s monetary policy hinges on the existence of a robust link between the growth of monetary aggregates and inflation. This paper considers this link during the 2000s using Structural VAR models and simulated out-of-sample forecasting techniques. The results...

This article uses information from the latest Household Expenditure Survey to examine recent expenditure patterns. The period between 2003/04 and 2009/10 was characterised by strong real household income growth and falling relative prices of goods due to the appreciating exchange rate. These...

This paper explores the positive relationship betwen home prices and household spending by following a panel of Australian households over the period 2003 to 2010. There are three hypotheses put forth in the literature to explain this relationship: (1) increases in home prices raise spending via...