How far do China’s property prices need to drop in order to send the country into a recession? What does this question … explain how economies (mis)allocate resources during bubbles. A 15%-20% property price drop could cause recession, if China …

Since the 2008 global financial crisis, China’s economic growth has continued to slow down, while its real estate …, China’s housing serves as a safe asset to store wealth. We also extend Caballero et al.’s (2008) framework to a two …

This paper investigates whether the Chinese real estate price rise is a national monetary shock and driven mainly by … prices in China reflect a national phenomenon, rather than a collection of “local bubbles”. In addition, the paper … empirically addresses the role of monetary shock and bank lending activities in the Chinese real estate market …

In order to deal with the rampant increase in housing prices, the Government of the People's Republic of China … exogenous demand shock to the housing market. Employing a two-step difference-in-differences approach, we find significantly …