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"This comprehensive overview of the modern Chinese economy by a noted expert on China's economic development offers a … both an engaging, broadly focused introduction to China's economy since 1949 and original insights based on his own …-1949 economy and the industrialization, reform, and market transition that have taken place since, the book examines …
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that this equilibrium may be a cycle rather than a point. An extension of new Keynesian theory provides a model of …
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