Series: IMF Working Papers
Author(s): Ding Ding , and Weicheng Lian
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 07 December 2018
Keywords: Asia and Pacific, China, People's Republic of, Central banks and their policies, China housing market, residential investment, rebalancing, Bayesian Analysis, Time-Series Models, Monetary Policy (Targets, Instruments
In this paper we analyze the fundamental drivers of China's residential investment as a share of its GDP. Our analysis indicates that the economic structural changes that led to rebalancing toward consumption were...