Download or read book NBER Macroeconomics Annual 2015 written by Martin Eichenbaum and published by University of Chicago Press. This book was released on 2016-06-22 with total page 517 pages. Available in PDF, EPUB and Kindle. Book excerpt: This year, the NBER Macroeconomics Annual celebrates its thirtieth volume. The first two papers examine China’s macroeconomic development. “Trends and Cycles in China's Macroeconomy” by Chun Chang, Kaiji Chen, Daniel F. Waggoner, and Tao Zha outlines the key characteristics of growth and business cycles in China. “Demystifying the Chinese Housing Boom” by Hanming Fang, Quanlin Gu, Wei Xiong, and Li-An Zhou constructs a new house price index, showing that Chinese house prices have grown by ten percent per year over the past decade. The third paper, “External and Public Debt Crises” by Cristina Arellano, Andrew Atkeson, and Mark Wright, asks why there appear to be large differences across countries and subnational jurisdictions in the effect of rising public debts on economic outcomes. The fourth, “Networks and the Macroeconomy: An Empirical Exploration” by Daron Acemoglu, Ufuk Akcigit, and William Kerr, explains how the network structure of the US economy propagates the effect of gross output productivity shocks across upstream and downstream sectors. The fifth and sixth papers investigate the usefulness of surveys of household’s beliefs for understanding economic phenomena. “Expectations and Investment,” by Nicola Gennaioli, Yueran Ma, and Andrei Shleifer, demonstrates that a chief financial officer's expectations of a firm's future earnings growth is related to both the planned and actual future investment of that firm. “Declining Desire to Work and Downward Trends in Unemployment and Participation” by Regis Barnichon and Andrew Figura shows that an increasing number of prime-age Americans who are not in the labor force report no desire to work and that this decline accelerated during the second half of the 1990s.
Download or read book Stabilizing China s Housing Market written by Richard Koss and published by International Monetary Fund. This book was released on 2018-04-13 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sharp rise of house prices in China’s Tier-1 cities has fostered a great deal of commentary about the possibility of bubbles forming there. However, China’s unique housing market characteristics make it difficult to assess the macroeconomic severity of bursting bubbles, even if they exist. These include the setting of land supply and prices by the government, among many others. The presence of overbuilt “ghost cities” greatly complicates the ability of traditional macroeconomic policies to address these concerns. This paper looks at proposals to shore up the mortgage underwriting and legal infrastructure to help China withstand the impact of falling prices, should this occur.
Download or read book China written by Thomas Orlik and published by Oxford University Press, USA. This book was released on 2020 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: A provocative perspective on the fragile fundamentals, and forces for resilience, in the Chinese economy, and a forecast for the future on alternate scenarios of collapse and ascendance.
Download or read book Understanding China s Real Estate Markets written by Bing Wang and published by Springer Nature. This book was released on 2021-06-07 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s economy has been transforming rapidly over the last 25 years. As a result, Chinese conurbations have changed remarkably, with cities expanding both vertically and horizontally, and the physical environment acting as a medium for unprecedented urbanization. This has provided vast opportunities for investors, real estate developers, and service companies, but also presents huge challenges—as traditional city spaces have been reconfigured, environmental risks and the volatility of real estate markets increased. However, as engagement with China is becoming strategically important for many, forming a synthesized lens through which to read China across the vicissitudes of its real estate sector bears historic significance. By offering an insightful framework and structure for understanding China’s variegated real estate dynamics, players, and markets, Understanding China’s Real Estate Markets codifies the principles and practices of real estate development, finance, and investment in China and builds foundations for future academic research and practical knowledge in shaping and engaging the urban environment within China and beyond.
Download or read book China s Housing Reform and Outcomes written by Joyce Yanyun Man and published by Lincoln Inst of Land Policy. This book was released on 2011 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This in-depth volume explains China's residential construction boom and reviews how some established trends are likely to challenge its housing market in coming years. It draws on household surveys and public data in China and provides important lessons about housing policy for China and other countries.
Download or read book Assessing China s Residential Real Estate Market written by Ding Ding and published by International Monetary Fund. This book was released on 2017-11-16 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s real estate market rebounded sharply after a temporary slowdown in 2014-2015. This paper uses city-level data to estimate the range of house price overvaluation across city-tiers and assesses the main risks of a sharp housing market slowdown. If house prices rise further beyond “fundamental” levels and the bubble expands to smaller cities, it would increase the likelihood and costs of a sharp correction, which would weaken growth, undermine financial stability, reduce local government spending room, and spur capital outflows. Empirical analysis suggests that the increasing intensity of macroprudential policies tailored to local conditions is appropriate. The government should expand its toolkit to include additional macroprudential measures and push forward reforms to address the fundamental imbalances in the residential housing market.
Download or read book The Housing Boom and Bust written by Thomas Sowell and published by Basic Books (AZ). This book was released on 2009-05-12 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust. The "creative" financing of home mortgages and "creative" marketing of financial securities based on these mortgages to countries around the world, are part of the story of how a financial house of cards was built up--and then collapsed.
Download or read book The Supply side Revolution with Chinese Characteristics written by Fang Fuqian and published by Taylor & Francis. This book was released on 2023-02-24 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focusing on the supply-side structural reform in China, this book investigates the impetus, implementation strategy, initial results and theoretical underpinnings of the revolution, assessing its significance in perfecting China’s socialist market economic system. The supply-side structural reform launched in China in 2015 aims to thoroughly resolve the cyclical excess capacity and the habitual imbalance of economic structure; and form a long-term mechanism for economic stability, different from the supply-side policies under the Reagan Administration in the 1980s. Based on the analysis framework of aggregate demand and supply, combined with institutional and structural analysis, the title elucidates the reason, theory, measures and results that ground the reform. It explicates the three-step strategy to ensure the successful outcome, countermeasures against current supply-side problems, upgrading the economic structure, and most importantly the institutional reform and innovation. The author emphasizes the importance of reforming both market and government and advances a “double-effect” model combining the effective market and government. This title will appeal to scholars, students and policymakers interested in economics, macroeconomic control, and the Chinese economy and economic system reform.
Download or read book Bank Performance Risk and Securitisation written by Joseph Falzon and published by Springer. This book was released on 2013-10-24 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The latest scholarly developments in research on banking, financial markets, and the recent financial crisis. This selection of papers were presented at the Wolpertinger Conference held in Valletta, Malta, 2012 and provide insights into bank performance, banking risk, securitisation, bank stability, sovereign debt and derivatives.
Download or read book China s High Savings Drivers Prospects and Policies written by Ms.Longmei Zhang and published by International Monetary Fund. This book was released on 2018-12-11 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 domestically, or lead to large external imbalances when they flow abroad. Today, high savings mostly emanate from the household sector, resulting from demographic changes induced by the one-child policy and the transformation of the social safety net and job security that occured during the transition from planned to market economy. Housing reform and rising income inequality also contribute to higher savings. Moving forward, demographic changes will put downward pressure on savings. Policy efforts in strengthening the social safety net and reducing income inequality are also needed to reduce savings further and boost consumption.
Download or read book Constructing Political Economy with Chinese Characteristics written by Fang Cai and published by Springer Nature. This book was released on 2022-10-10 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes the characteristics of China's economic operation in the new era and explores Xi's thought on China's development. The book consists of six parts. The first part puts forward the guiding principles and main contents of political economy of socialism with Chinese characteristics in the new era; the second part conducts the epistemology and methodology; the third part reveals the big logic of the new normal of economic development from the time and space dimension; and the fourth part examines the purpose, motivation, necessary conditions and measurement scale of development according to the new development concept; the fifth part discusses the path of building a modern economic system; the sixth part focuses on what China Wisdom and China solution could contribute to the global governance and promoting global development.
Download or read book China s Emerging Middle Class written by Cheng Li and published by Brookings Institution Press. This book was released on 2010 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: Decades ago, there was no distinct middle class in the People's Republic of China. Any meaningful discussion of China's economy, politics, or society must take into account the rapid emergence and explosive growth of the Chinese middle class. This book details the origins and characteristics of this dramatic change.
Download or read book Theories and Models of Urbanization written by Denise Pumain and published by Springer Nature. This book was released on 2020-01-02 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a thorough discussion about fundamental questions regarding urban theories and modeling. It is a curated collection of contributions to a workshop held in Paris on October 12th and 13th 2017 at the Institute of Complex Systems by the team of ERC GeoDiverCity. There are several chapters conveying the answers given by single authors to problems of conceptualization and modeling and others in which scholars reply to their conception and question them. Even, the chapters transcribing keynote presentations were rewritten according to contributions from the respective discussions. The result is a complete “state of the art” of what is our knowledge about urban processes and their possible formalization.
Download or read book Global History with Chinese Characteristics written by Manuel Perez-Garcia and published by Springer Nature. This book was released on 2020-11-02 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book considers a pivotal era in Chinese history from a global perspective. This book’s insight into Chinese and international history offers timely and challenging perspectives on initiatives like “Chinese characteristics”, “The New Silk Road” and “One Belt, One Road” in broad historical context. Global History with Chinese Characteristics analyses the feeble state capacity of Qing China questioning the so-called “High Qing” (shèng qīng 盛清) era’s economic prosperity as the political system was set into a “power paradox” or “supremacy dilemma”. This is a new thesis introduced by the author demonstrating that interventionist states entail weak governance. Macao and Marseille as a new case study aims to compare Mediterranean and South China markets to provide new insights into both modern eras’ rising trade networks, non-official institutions and interventionist impulses of autocratic states such as China’s Qing and Spain’s Bourbon empires.
Download or read book China Alone written by Anne Stevenson-Yang and published by . This book was released on 2013-12-13 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: A critical analysis of how concentrated power in China's political system enabled fast growth but is now making it impossible for the nation to modernize.
Download or read book The China Crisis written by James R. Gorrie and published by John Wiley & Sons. This book was released on 2013-05-08 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: A controversial look at the impending Chinese economic collapse—the history behind it, its contemporary causes, and its dire implications for the global economy All the experts agree: the 21st century belongs to China. Given America's looming insolvency and the possibility of the collapse of the U.S. dollar, who can doubt that China is poised to take over the role of economic superpower? Written by political economist and leading financial journalist James Gorrie, this book offers a highly controversial, contrarian view of contemporary China. Drawing upon a wealth of historical and up-to-the-minute data, Gorrie makes a strong case that China, itself, is on the verge of an economic crisis of epic proportions. He explains how, caught in a recurrent boom/bust cycle that has played itself out several times over the past sixty years, China is again approaching total economic and social collapse. But with one important difference this time: they may very well take the entire global economy down with them. Explores the Chinese communist party's unfortunate history of making costly and very bloody mistakes on an enormous scale One-by-one Gorrie analyzes those critical mistakes and explains how they may lead to economic collapse in China and global depression Describes Chinese "cannibal capitalism," and where its massive abuse of the country's environment, people, and arable lands is leading that country and the world economy Chronicles China's history of recurring economic crisis and explains why all the evidence suggests that history is about to repeat itself
Download or read book China s Future written by David Shambaugh and published by John Wiley & Sons. This book was released on 2016-03-11 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's future is arguably the most consequential question in global affairs. Having enjoyed unprecedented levels of growth, China is at a critical juncture in the development of its economy, society, polity, national security, and international relations. The direction the nation takes at this turning point will determine whether it stalls or continues to develop and prosper. Will China be successful in implementing a new wave of transformational reforms that could last decades and make it the world's leading superpower? Or will its leaders shy away from the drastic changes required because the regime's power is at risk? If so, will that lead to prolonged stagnation or even regime collapse? Might China move down a more liberal or even democratic path? Or will China instead emerge as a hard, authoritarian and aggressive superstate? In this new book, David Shambaugh argues that these potential pathways are all possibilities - but they depend on key decisions yet to be made by China's leaders, different pressures from within Chinese society, as well as actions taken by other nations. Assessing these scenarios and their implications, he offers a thoughtful and clear study of China's future for all those seeking to understand the country's likely trajectory over the coming decade and beyond.
