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We study the impacts of the 2009 monetary stimulus and its interaction with infrastructure spending on credit allocation. We develop a two-stage estimation approach and apply it to China's loanlevel data that covers all sectors in the economy. We find that except for the manufacturing sector,...
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mitigate economic fluctuations in the case of Indonesia. Using the IMF standard model for quarterly data over the period of … goals in the future. However, given the existing circumstances, Indonesia has to reform economic, regulatory, and …
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