内容提要: 本文构建了一个包含房价高速增长, 住房需求内生和生命周期特征的Bewley 模型,
用于研究高房价对中国城镇居民储蓄率和财产不平等的影响. 我们发现, 房价的高速增长通过 …

A recent wave of economic research has studied the transformation of China from a poor
country in the 1970s to a middle-income economy today. Based on this literature, we discuss …

A general equilibrium model that properly captures the risks in old age, the role of family
insurance, changes in demographics, and the productivity growth rate is capable of …

China's high national savings rate—one of the highest in the world—is at the heart of its
external/internal imbalances. High savings finance elevated investment when held …

We use a model of household life-cycle saving decisions to quantify the impact of
demographic changes on aggregate household saving rates in Japan, China, and India …

本文利* 2004" 2013 年230 个地级市及1272 家上市企业的数据! 采* 工具变量法和双重差分法#
DID $! 在考E 房价蔓延的空间效应基础上! 检验了城市房价上涨与蔓延以及限购政策的实施对 …

This paper analyzes how real estate shocks affect corporate investment in China. In addition
to the widely documented collateral channel, we also uncover two other channels: the …