The Role of Household Savings in Fiscal and Monetary Policy: A DSGE Analysis of China
Journal of Asian and African Studies
Published online on May 13, 2025
Abstract
Journal of Asian and African Studies, Volume 61, Issue 3, Page 2038-2065, May 2026.
This study examines how declining household savings in China affect fiscal and monetary policy effectiveness. Using a New Keynesian Dynamic Stochastic General Equilibrium model with Rule-of-Thumb (ROT) households and data from 2000Q1 to 2023Q3, the ...
This study examines how declining household savings in China affect fiscal and monetary policy effectiveness. Using a New Keynesian Dynamic Stochastic General Equilibrium model with Rule-of-Thumb (ROT) households and data from 2000Q1 to 2023Q3, the ...