Agarwal, S. ; Qian, W. Consumption and debt response to unanticipated income shocks: evidence from a natural experiment in Singapore. 2014 Am. Econ. Rev.. 104 4205-4230
Aladangady, A. Housing wealth and consumption: evidence from geographically-linked microdata. 2017 Am. Econ. Rev.. 107 3415-3446
Allegret, J.-P. ; Couharde, C. ; Coulibaly, D. ; Mignon, V. Current accounts and oil price fluctuations in oil-exporting countries: the role of financial development. 2014 J. Int. Money Financ.. 47 185-201
Alpanda, S. ; Granziera, E. ; Zubairy, S. State dependence of monetary policy across business, credit and interest rate cycles. 2021 Eur. Econ. Rev.. 140 -
Alpanda, S. ; Zubairy, S. Household debt overhang and transmission of monetary policy. 2019 J. Money Credit Bank.. 51 1265-1307
Auclert, A. Monetary policy and the redistribution channel. 2019 Am. Econ. Rev.. 109 2333-2367
Baker, S.R. Debt and the response to household income shocks: validation and application of linked financial account data. 2018 J. Polit. Econ.. 126 1504-1557
Calza, A. ; Monacelli, T. ; Stracca, L. Housing finance and monetary policy. 2013 J. Eur. Econ. Assoc.. 11 101-122
Carroll, C.D. A theory of the consumption function, with and without liquidity constraints. 2001 J. Econ. Perspect.. 15 23-45
Cesa-Bianchi, A. ; Thwaites, G. ; Vicondoa, A. Monetary policy transmission in the United Kingdom: a high frequency identification approach. 2020 Eur. Econ. Rev.. 123 -
Chamon, M.D. ; Prasad, E. Why are saving rates of urban households in China rising?. 2010 Am. Econ. J. Macroecon.. 2 93-130
- Chen, Y. ; Gu, J. ; Shi, Y. Housing wealth, credit constraint and household expenditure on education in urban China: evidence from CFPS 2010 data. 2014 Econ. Res. J.. S1 89-101
Paper not yet in RePEc: Add citation now
Cho, D. The role of covered interest parity in explaining the forward premium anomaly within a nonlinear panel framework. 2015 J. Empir. Financ.. 34 229-238
Cloyne, J. ; Ferreira, C. ; Surico, P. Monetary policy when households have debt: new evidence on the transmission mechanism. 2020 Rev. Econ. Stud.. 87 102-129
Corsetti, G. ; Duarte, J.B. ; Mann, S. One money, many markets. 2022 J. Eur. Econ. Assoc.. 20 513-548
- Cumming, Fergus ; Hubert, Paul The distribution of households’ indebtedness and the transmission of monetary policy. 2021 Rev. Econ. Stat.. 1-36
Paper not yet in RePEc: Add citation now
Das, S. ; Song, W. Monetary Policy Transmission and Policy Coordination in China. 2022 En : IMF Working Paper No. WP/22/74, Washington DC. :
Delatte, A.-L. ; Fouquau, J. ; Portes, R. Regime-dependent sovereign risk pricing during the euro crisis. 2017 Rev. Finance. 21 363-385
Di Maggio, M. ; Kermani, A. ; Keys, B.J. ; Piskorski, T. ; Ramcharan, R. ; Seru, A. ; Yao, V. Interest rate pass-through: mortgage rates, household consumption, and voluntary deleveraging. 2017 Am. Econ. Rev.. 107 3550-3588
Espinoza, R. ; Leon, H. ; Prasad, A. When should we worry about inflation?. 2012 World Bank Econ. Rev.. 26 100-127
Fan, Y. ; Yavas, A. How does mortgage debt affect household consumption? Micro evidence from China. 2020 Real Estate Econ.. 48 43-88
Flodén, M. ; Kilström, M. ; Sigurdsson, J. ; Vestman, R. Household debt and monetary policy: revealing the cash-flow channel. 2017 En : CEPR Discussion Paper No., 12270, London. :
Funke, M. ; Tsang, A. The direction and intensity of China’s monetary policy: a dynamic factor modelling approach. 2021 Econ. Rec.. 97 100-122
- Funke, M. ; Tsang, A. The People’s Bank of China’s response to the coronavirus pandemic: a quantitative assessment. 2020 Econ. Model.. 93 465-473
Paper not yet in RePEc: Add citation now
- Gan, L. Analysis of China’s Urban Housing Vacancy in 2017. 2018 China Household Finance Survey:
Paper not yet in RePEc: Add citation now
Gelos, G. ; Grinberg, F. ; Mancini-Griffoli, T. ; Khan, S. ; Narita, M. ; Rawat, U. Has higher household indebtedness weakened monetary policy transmission?. 2019 En : IMF Working Paper No., WP/19/11, Washington DC.. :
Gerko, E. ; Rey, H. Monetary policy in the capitals of capital. 2017 J. Eur. Econ. Assoc.. 15 721-745
Gertler, M. ; Karadi, P. Monetary policy surprises, credit costs, and economic activity. 2015 Am. Econ. J. Macroecon.. 7 44-76
González, A. ; Teräsvirta, T. ; van Dijk, D. Panel smooth transition regression models. 2005 En : Stockholm School of Economics, Working Paper Series in Economics and Finance, No. 604, Stockholm. :
González, A. ; Teräsvirta, T. ; van Dijk, D. ; Yang, Y. Panel smooth transition regression models. 2017 En : CREATES Research Paper No. 2017–2036, Aarhus. :
- Granger, C.W.J. ; Teräsvirta, T. Modelling Nonlinear Economic Relationships. 1993 Oxford (Oxford University Press):
Paper not yet in RePEc: Add citation now
Gürkaynak, R.S. ; Sack, B.P. ; Swanson, E.T. Market-based measures of monetary policy expectations. 2007 J. Bus. Econ. Stat.. 25 201-212
Han, F. ; Jurzyk, E. ; Guo, W. ; He, Y. ; Rendak, N. Assessing macro-financial risks of household debt in China. 2019 En : IMF Working Paper No. WP/19/258, Washington DC. :
Hansen, B.E. Threshold effects in non-dynamic panels: estimation, testing, and inference. 1999 J. Econ.. 93 345-368
Hansen, S. ; McMahon, M. ; Prat, A. Transparency and deliberation within the FOMC: a computational linguistics approach. 2018 Q. J. Econ.. 133 801-870
- Huang, Y. ; Yi, D. ; Clark, W. Multiple home ownership in Chinese cities: an institutional and cultural perspective. 2020 Cities. 97 -
Paper not yet in RePEc: Add citation now
Iacoviello, M. House prices, borrowing constraints, and monetary policy in the business cycle. 2005 Am. Econ. Rev.. 95 739-764
- IMF, People’s Republic of China – Selected Issues. 2019 :
Paper not yet in RePEc: Add citation now
Kamber, G. ; Mohanty, M.S. Do interest rates play a major role in monetary policy transmission in China?. 2018 En : BIS Working Paper No. 714, Basel. :
Kaplan, G. ; Moll, B. ; Violante, G.L. Monetary policy according to HANK. 2018 Am. Econ. Rev.. 108 697-743
Kaplan, G. ; Violante, G.L. ; Weidner, J. The wealthy hand-to-mouth. 2014 Brook. Pap. Econ. Act.. 48 77-153
Kim, Y. ; Lim, H. Transmission of monetary policy in times of high household debt. 2020 J. Macroecon.. 63 -
Li, L. ; Wu, X. Housing price and entrepreneurship in China. 2014 J. Comp. Econ.. 42 436-449
Li, L. ; Wu, X. The consequences of having a son on family wealth in urban China. 2017 Rev. Income Wealth. 63 378-393
Loukoianova, E. ; Wong, Y.C. ; Hussiada, I. Household debt, consumption, and monetary policy in Australia. 2019 En : IMF Working Paper No. WP/19/11, Washington DC. :
Martin, P. ; Philippon, T. Inspecting the mechanism: leverage and the great recession in the eurozone. 2017 Am. Econ. Rev.. 107 1904-1937
Mian, A. ; Sufi, A. Finance and business cycles: the credit-driven household demand channel. 2018 J. Econ. Perspect.. 32 31-58
Mian, A. ; Sufi, A. The consequences of mortgage credit expansion: evidence from the US mortgage default crisis. 2009 Q. J. Econ.. 124 1449-1496
Mian, A.R. ; Sufi, A. ; Verner, E. Household debt and business cycles worldwide. 2017 Q. J. Econ.. 132 1755-1817
Mitman, K. Macroeconomic effects of bankruptcy and foreclosure policies. 2016 Am. Econ. Rev.. 106 2219-2255
Nakamura, E. ; Steinsson, J. High frequency identification of monetary nonneutrality: the information effect. 2018 Q. J. Econ.. 133 1283-1330
Ottonello, P. ; Winberry, T. Financial heterogeneity and the Investment Channel of monetary policy. 2020 Econometrica. 88 2473-2502
- People'’s Bank of China, China Financial Stability Report 2018, Beijing. 2018 :
Paper not yet in RePEc: Add citation now
- People'’s Bank of China, China Financial Stability Report 2021, Beijing. 2021 :
Paper not yet in RePEc: Add citation now
Ranaldo, A. ; Rossi, E. The reaction of asset markets to Swiss National Bank communication. 2010 J. Int. Money Financ.. 29 486-503
- Romer, C. ; Romer, D. A new measure of monetary shocks: derivation and implications. 1994 Am. Econ. Rev.. 94 1055-1084
Paper not yet in RePEc: Add citation now
Rubio, M. Fixed- and variable-rate mortgages, business cycles, and monetary policy. 2011 J. Money Credit Bank.. 43 657-688
Slacalek, J. ; Tristani, O. ; Violante, G.L. Household balance sheet channels of monetary policy: a back of the envelope calculation for the euro area. 2020 En : NBER Working Paper No. 26630, Cambridge (Mass.). :
- Teräsvirta, T. Specification, estimation and evaluation of smooth transition autoregressive models. 1994 J. Am. Stat. Assoc.. 89 208-218
Paper not yet in RePEc: Add citation now
- van Dijk, D. ; Teräsvirta, T. ; Franses, P.H. Smooth transition autoregressive models – a survey of recent developments. 2002 Econ. Rev.. 21 1-47
Paper not yet in RePEc: Add citation now
Wu, J. ; Gyourko, J. ; Deng, Y. Evaluating the risk of Chinese housing markets: what we know and what we need to know. 2016 China Econ. Rev.. 39 91-114
- Xie, Y. ; Hu, J. An introduction to the China family panel studies (CFPS). 2014 Chin. Sociol. Rev.. 47 3-29
Paper not yet in RePEc: Add citation now
- Xie, Y. ; Jin, Y. Household wealth in China. 2015 Chin. Sociol. Rev.. 47 203-229
Paper not yet in RePEc: Add citation now
- Xie, Y. ; Zhou, X. Income inequality in today’s China. 2014 Proc. Natl. Acad. Sci.. 111 6928-6933
Paper not yet in RePEc: Add citation now
- Xu, H. ; Liu, A. ; Zhang, Y. Inequality in children’s well-being and development: evidence from a national panel study. 2015 Chin. J. Sociol.. 1 88-107
Paper not yet in RePEc: Add citation now
Zeldes, S.P. Consumption and liquidity constraints: an empirical investigation. 1989 J. Polit. Econ.. 97 305-346
- Zhou, G. ; Fan, G. ; Shen, G. The income disparity, the social capital and health: a case study based on China family panel studies. 2014 Management World. 7 12-21
Paper not yet in RePEc: Add citation now