This paper examines the fiscal and monetary policy options available to China as a sovereign currency-issuing nation … operating in a dollar standard world. We first summarize a number of issues facing China, including the possibility of slower … policy space open to China. …

This paper investigates the empirical characteristics of income inequality in China and a panel of BRIC countries over … - an inverted Ushaped relationship between income inequality and economic development - in China and the panel of BRIC … countries. In the case of China, the empirical results indicate that government spending and taxation have opposing effects on …

We jointly estimate credit and fiscal multipliers in China. We use the tenure of the provincial party secretary … from 0.17 to zero over the same periods. Our results suggest that reducing credit growth in China is unlikely to disrupt …

China's official general government accounts do not include off-budget quasi-fiscal spending unlike the IMF's augmented … government to include them. Finally, concrete steps for improving China's fiscal accounts are put forward. If these steps are …

Local government debt in China is increasing and presents a great threat to China's financial stability. In China … to be shifted from the central government to the local governments. Resolving China's local government debt problem … afford any spending denominated in its own currency, China's central government should bear a greater fiscal burden. …