The paper provides an assessment of the proactive fiscal policy since 1998 in terms of its expansionary effects and distributive effects.The assessment suggests that the policy has achieved more in stimulating economi...The paper provides an assessment of the proactive fiscal policy since 1998 in terms of its expansionary effects and distributive effects.The assessment suggests that the policy has achieved more in stimulating economic growth than improving income inequality.It is concluded that the future policy should orient more towards income equalization.展开更多
The paper measures the difference between the money supply and money demand while the economy performs at its potential level on the basis of quantitative analysis and scrutinizes varying reasons for the monetary inad...The paper measures the difference between the money supply and money demand while the economy performs at its potential level on the basis of quantitative analysis and scrutinizes varying reasons for the monetary inadequacy.It concludes that the current monetary policy should be more flexible and expansionary.展开更多
文摘The paper provides an assessment of the proactive fiscal policy since 1998 in terms of its expansionary effects and distributive effects.The assessment suggests that the policy has achieved more in stimulating economic growth than improving income inequality.It is concluded that the future policy should orient more towards income equalization.
文摘The paper measures the difference between the money supply and money demand while the economy performs at its potential level on the basis of quantitative analysis and scrutinizes varying reasons for the monetary inadequacy.It concludes that the current monetary policy should be more flexible and expansionary.
