This paper explores risk aversion among Australian households using panel data from the Household Income and Labour Dynamics in Australia (HILDA) survey. Using households' share of risky assets, we test whether relative risk aversion is constant in wealth. After accounting for measurement error,...

This paper looks at the increase in saving and the more subdued borrowing by households in recent years, exploring how this has been reflected in the household sector's financial transactions and balance sheet. The paper outlines a number of possible reasons for the turnaround and discusses the...

This paper looks at the increase in saving and the more subdued borrowing by households in recent years, exploring how this has been reflected in the household sector's financial transactions and balance sheet. The paper outlines a number of possible reasons for the turnaround and discusses the...

This article discusses China’s incremental approach to SOE reform, the difficulties of continuing this approach as the need to make efficiency gains across all sectors of the economy becomes more acute, and future reform options and the challenges in carrying them out.