households, focusing on the dramatic change of the household savings behavior since 1998, from high to low savings. Existing …This paper scrutinizes the role of prolonged, expansionary monetary policy on the savings behavior of Japanese … connected to monetary policy. It finds that monetary policy has had a significant impact on Japan's household behavior via three …

China's urban household saving rate has increased markedly since the mid-1990s, accompanied by a dramatic increase in … variation in housing demand among urban households. Using a difference-in-differences estimation strategy, we find evidence that … the reform increased household saving rates during the reform period (1998-2001) by shifting the cost of housing services …