How do households respond to economic policy uncertainty? Evidence from China

Yongwei Chen, Dahai Fu and Ying Zhang

Applied Economics Letters, 2022, vol. 29, issue 1, 80-83

Abstract: This article empirically examines the impacts of economic policy uncertainty (EPU) on household income and how they adjust their consumption expenditure and savings using a newly developed provincial EPU index in China. The findings show that the uncertainty shock lowers household income and households primarily responded by reducing their non-durable spending. The impacts of uncertainty shock are more pronounced in older, male-headed and urban households.

Date: 2022
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DOI: 10.1080/13504851.2021.1971615

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