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Revenue reforms can contribute to more inclusive, green, and sustainable growth in China. Relative to OECD economies …, fiscal policy in China is less redistributive. Options for promoting more inclusive growth include improving the …
Persistent link: https://www.econbiz.de/10011281983
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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. …
Persistent link: https://www.econbiz.de/10010228185
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In this paper, we argue that there is much room for China to strengthen its regulatory framework for public … framework for China, which could be implemented gradually in three stages …
Persistent link: https://www.econbiz.de/10011715383
The debate about the use of fiscal instruments for macroeconomic stabilization has regained prominence in the aftermath of the Great Recession, and the experience of a monetary union equipped with fiscal shock absorbers, such as the United States, has often been a reference. This paper enhances...
Persistent link: https://www.econbiz.de/10011999069
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. …
Persistent link: https://www.econbiz.de/10012027999