Cova, Pietro; Pisani, Massimiliano; Rebucci, Alessandro - 2010
This paper analyzes the macroeconomic impact of China's 2009-2010 fiscal stimulus package by simulating a dynamic … general equilibrium multi-country model of the world economy, showing that the effects on China's economic activity are … sizeable: absent fiscal stimulus China's GDP would be 2.6 and 0.6 percentage points lower in 2009 and 2010, respectively. The …