The Impact of Monetary Policy on Household Debt in China

Basit Öğe Kaydı
dc.contributor.authorCanakci, Mehmet
dc.date.accessioned2024-08-04T20:49:28Z
dc.date.available2024-08-04T20:49:28Z
dc.date.issued2021
dc.departmentİnönü Üniversitesien_US
dc.description.abstractThere has been a massive increase in household debt in China, especially in the last five of years. Learning from past experiences, the country needs careful forecasting that may help to form new policies or make amendments to the existing ones. This research paper aims to highlight the impact of the monetary policy on household debt in China. The study covers the time period from 1996 to 2020 The study employs a cointegration test, Autoregressive Distributed Lag Bound Test (ARDL) approach, a Augmented Dicky Fuller (ADF) and PP test (PMG) and time series data. The findings suggest on a quantitative analysis using a time-series model in which gdp per capita and interest rate has a positive impact on household debt whereas, cpi doesn't have significant impact. In a short-term variables relationship, household debt responds more to an increase in income than in the long-term. Also, the impact of interest rate changes on household debt is lower than income in the short run.The research suggests that there should be some restrictions on household debt and consumer financing provided to citizens and for this, appropriate leverage measures should be taken in order for the central bank to sustain robust macroeconomic conditions.en_US
dc.identifier.doi10.13106/jafeb.2021.vol8.no4.0653
dc.identifier.endpage663en_US
dc.identifier.issn2288-4637
dc.identifier.issn2288-4645
dc.identifier.issue4en_US
dc.identifier.scopus2-s2.0-85104046018en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.startpage653en_US
dc.identifier.urihttps://doi.org/10.13106/jafeb.2021.vol8.no4.0653
dc.identifier.urihttps://hdl.handle.net/11616/99877
dc.identifier.volume8en_US
dc.identifier.wosWOS:000639133200062en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherKorea Distribution Science Assocen_US
dc.relation.ispartofJournal of Asian Finance Economics and Businessen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectHousehold Debten_US
dc.subjectMonetary Policyen_US
dc.subjectInterest Rateen_US
dc.subjectHousehold Expenditureen_US
dc.titleThe Impact of Monetary Policy on Household Debt in Chinaen_US
dc.typeArticleen_US

Dosyalar

Koleksiyon

WoS İndeksli Yayınlar Koleksiyonu
Scopus İndeksli Yayınlar Koleksiyonu