Are Chinese Growth and Inflation Too Smooth? Evidence from Engel Curves
Are Chinese Growth and Inflation Too Smooth? Evidence from Engel Curves (with Emi Nakamura and Miao Liu)
American Economic Journal: Macroeconomics, 8(3), 113-144, July 2016.
Chinese growth was higher than official estimates suggest in the 1990s, but lower in the 2000s. These conclusions are based on shifting expenditure patterns of Chinese consumers.