the combination of economic policies adopted by the two key economies, the US and China. Global financial markets served … economic policies followed by emerging markets such as China and the oil-exporting countries contributed to the US ability to … continue to focus only on price stability. -- Asset prices ; China ; current account adjustment ; global liquidity ; oil prices …

This paper scrutinizes the role of prolonged, expansionary monetary policy on the savings behavior of Japanese … households, focusing on the dramatic change of the household savings rate since 1998, from high to low savings. The literature … channel but not the labor income channel. There is also evidence that rising wealth boosts savings. …