Credit And Fiscal Multipliers In China

Download Credit And Fiscal Multipliers In China full books in PDF, epub, and Kindle. Read online Credit And Fiscal Multipliers In China ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!

Credit and Fiscal Multipliers in China

Author : Sophia Chen
Publisher : International Monetary Fund
ISBN 13 : 1484332164
Total Pages : 26 pages
Book Rating : 4.4/5 (843 download)

DOWNLOAD NOW!

Book Synopsis Credit and Fiscal Multipliers in China by : Sophia Chen

Download or read book Credit and Fiscal Multipliers in China written by Sophia Chen and published by International Monetary Fund. This book was released on 2017-12-12 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: We jointly estimate credit and fiscal multipliers in China. We use the tenure of the provincial party secretary, interacted with the type of stimulus used in other provinces, to obtain separate instruments for provincial credit and government expenditure. We estimate a fiscal multiplier of 0.8 and a credit multiplier of 0.2 in 2001-2015. The multipliers have changed over time. The fiscal multiplier has increased from 0.75 in 2001-2008 to 1.4 in 2010-2015. The credit multiplier has declined from 0.17 to zero over the same periods. Our results suggest that reducing credit growth in China is unlikely to disrupt output growth, whereas fiscal policy may be effective in supporting macroeconomic adjustment.

Credit and Fiscal Multipliers in China

Author : Sophia Chen
Publisher :
ISBN 13 : 9789523232679
Total Pages : pages
Book Rating : 4.2/5 (326 download)

DOWNLOAD NOW!

Book Synopsis Credit and Fiscal Multipliers in China by : Sophia Chen

Download or read book Credit and Fiscal Multipliers in China written by Sophia Chen and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

People’s Republic of China

Author : International Monetary
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 96 pages
Book Rating : 4.4/5 (2 download)

DOWNLOAD NOW!

Book Synopsis People’s Republic of China by : International Monetary

Download or read book People’s Republic of China written by International Monetary and published by International Monetary Fund. This book was released on 2023-02-10 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: People’s Republic of China: Selected Issues

Credit and Fiscal Multipliers in China

Author : Sophia Chen
Publisher : International Monetary Fund
ISBN 13 : 1484332180
Total Pages : 26 pages
Book Rating : 4.4/5 (843 download)

DOWNLOAD NOW!

Book Synopsis Credit and Fiscal Multipliers in China by : Sophia Chen

Credit Booms—Is China Different?

Author : Ms.Sally Chen
Publisher : International Monetary Fund
ISBN 13 : 1484336852
Total Pages : 22 pages
Book Rating : 4.4/5 (843 download)

DOWNLOAD NOW!

Book Synopsis Credit Booms—Is China Different? by : Ms.Sally Chen

Download or read book Credit Booms—Is China Different? written by Ms.Sally Chen and published by International Monetary Fund. This book was released on 2018-01-05 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strong Chinese output growth after the Global Financial Crisis was supported by booming credit. This credit boom carries risks. International experience suggests that China’s credit growth is on a dangerous trajectory, with increasing risks of a disruptive adjustment and/or a marked growth slowdown. Several China-specific factors—high savings, current account surplus, small external debt, and various policy buffers—can help mitigate near-term risks of a disruptive adjustment and buy time to address risks. But, if the risks are left unaddressed, these mitigating factors will likely not eliminate the eventual adjustment, but make the boom larger and last longer. Hence, decisive policy action is needed to deflate the credit boom safely.

Negotiating the New Normal

Author : Saurav Jha
Publisher : Hachette India
ISBN 13 : 9350096048
Total Pages : 367 pages
Book Rating : 4.3/5 (5 download)

DOWNLOAD NOW!

Book Synopsis Negotiating the New Normal by : Saurav Jha

Download or read book Negotiating the New Normal written by Saurav Jha and published by Hachette India. This book was released on 2023-08-17 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: " The world economy was still reeling from the Global Financial Crisis of 2008 when the COVID-19 pandemic struck like a bolt of lightning in late 2019. Whatever remained of the neoliberal credo - based on the salience of free markets - was upended, and economic nationalism fast became the new stock ideology. In Negotiating the New Normal, Saurav Jha carefully examines why, in the wake of the coronavirus shock, strong economic recovery in the developed world is more doubtful than ever. Instead of throwing its weight behind a multipolar world order, China, by far the largest economy among the BRICS nations, has chosen to create a Pax Sinica. However, it is unlikely to make much headway owing to both internal economic contradictions and pushback from the West and beyond. And what of India? Can it become a 'new China' to serve as a key engine of global growth, overcoming the pandemic-induced setback, as well as earlier policy missteps like demonetization? Answering all these questions and raising many more, Jha's deeply researched and cogently argued account examines the 'new normal' of a transactional, even predatory geoeconomic climate where central banks are fast running out of answers and heavily indebted governments are desperately searching for silver bullets. This work of extraordinary depth and ambition, tracing the destinies of the major economic centres of the world, provides a nuanced if sobering context to the reader as it suggests what India must do to rise in this grave new pandemic-ridden world. "

The Effectiveness of Fiscal Policy in Stimulating Economic Activity

Author : Richard Hemming
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.:/5 (318 download)

DOWNLOAD NOW!

Book Synopsis The Effectiveness of Fiscal Policy in Stimulating Economic Activity by : Richard Hemming

Download or read book The Effectiveness of Fiscal Policy in Stimulating Economic Activity written by Richard Hemming and published by International Monetary Fund. This book was released on 2002-12 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the theoretical and empirical literature on the effectiveness of fiscal policy. The focus is on the size of fiscal multipliers, and on the possibility that multipliers can turn negative (i.e., that fiscal contractions can be expansionary). The paper concludes that fiscal multipliers are overwhelmingly positive but small. However, there is some evidence of negative fiscal multipliers.

People's Republic of China

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
ISBN 13 : 1484314727
Total Pages : 77 pages
Book Rating : 4.4/5 (843 download)

DOWNLOAD NOW!

Book Synopsis People's Republic of China by : International Monetary Fund. Asia and Pacific Dept

Download or read book People's Republic of China written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2017-08-15 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper examines the drivers and prospects for high levels of savings in China. China has one of the highest levels of national savings in the world, which is at the heart of its external and internal imbalances. High and rising household savings have mainly resulted from demographic changes as a result of the one-child policy and the breakdown of the social safety net during the transition from a planned to a market economy. Demographic changes will put downward pressure on national savings. Policy efforts to strengthen the social safety net and reduce income inequality are also needed to reduce savings further and faster and to boost consumption.

The Levelling

Author : Michael O'Sullivan
Publisher : PublicAffairs
ISBN 13 : 1541724089
Total Pages : 368 pages
Book Rating : 4.5/5 (417 download)

DOWNLOAD NOW!

Book Synopsis The Levelling by : Michael O'Sullivan

Download or read book The Levelling written by Michael O'Sullivan and published by PublicAffairs. This book was released on 2019-05-28 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: A brilliant analysis of the transition in world economics, finance, and power as the era of globalization ends and gives way to new power centers and institutions. The world is at a turning point similar to the fall of communism. Then, many focused on the collapse itself, and failed to see that a bigger trend, globalization, was about to take hold. The benefits of globalization--through the freer flow of money, people, ideas, and trade--have been many. But rather than a world that is flat, what has emerged is one of jagged peaks and rough, deep valleys characterized by wealth inequality, indebtedness, political recession, and imbalances across the world's economies. These peaks and valleys are undergoing what Michael O'Sullivan calls "the levelling"--a major transition in world economics, finance, and power. What's next is a levelling-out of wealth between poor and rich countries, of power between nations and regions, of political accountability from elites to the people, and of institutional power away from central banks and defunct twentieth-century institutions such as the WTO and the IMF. O'Sullivan then moves to ways we can develop new, pragmatic solutions to such critical problems as political discontent, stunted economic growth, the productive functioning of finance, and political-economic structures that serve broader needs. The Levelling comes at a crucial time in the rise and fall of nations. It has special importance for the US as its place in the world undergoes radical change--the ebbing of influence, profound questions over its economic model, societal decay, and the turmoil of public life.

Growth Forecast Errors and Fiscal Multipliers

Author : Mr.Olivier J. Blanchard
Publisher : International Monetary Fund
ISBN 13 : 1475532423
Total Pages : 43 pages
Book Rating : 4.4/5 (755 download)

DOWNLOAD NOW!

Book Synopsis Growth Forecast Errors and Fiscal Multipliers by : Mr.Olivier J. Blanchard

Download or read book Growth Forecast Errors and Fiscal Multipliers written by Mr.Olivier J. Blanchard and published by International Monetary Fund. This book was released on 2013-01-03 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the relation between growth forecast errors and planned fiscal consolidation during the crisis. We find that, in advanced economies, stronger planned fiscal consolidation has been associated with lower growth than expected, with the relation being particularly strong, both statistically and economically, early in the crisis. A natural interpretation is that fiscal multipliers were substantially higher than implicitly assumed by forecasters. The weaker relation in more recent years may reflect in part learning by forecasters and in part smaller multipliers than in the early years of the crisis.

Building Back Better: How Big Are Green Spending Multipliers?

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1513574469
Total Pages : 47 pages
Book Rating : 4.5/5 (135 download)

DOWNLOAD NOW!

Book Synopsis Building Back Better: How Big Are Green Spending Multipliers? by : International Monetary Fund

Download or read book Building Back Better: How Big Are Green Spending Multipliers? written by International Monetary Fund and published by International Monetary Fund. This book was released on 2021-03-19 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides estimates of output multipliers for spending in clean energy and biodiversity conservation, as well as for spending on non-ecofriendly energy and land use activities. Using a new international dataset, we find that every dollar spent on key carbon-neutral or carbon-sink activities can generate more than a dollar’s worth of economic activity. Although not all green and non-ecofriendly expenditures in the dataset are strictly comparable due to data limitations, estimated multipliers associated with spending on renewable and fossil fuel energy investment are comparable, and the former (1.1-1.5) are larger than the latter (0.5-0.6) with over 90 percent probability. These findings survive several robustness checks and lend support to bottom-up analyses arguing that stabilizing climate and reversing biodiversity loss are not at odds with continuing economic advances.

Global Waves of Debt

Author : M. Ayhan Kose
Publisher : World Bank Publications
ISBN 13 : 1464815453
Total Pages : 403 pages
Book Rating : 4.4/5 (648 download)

DOWNLOAD NOW!

Book Synopsis Global Waves of Debt by : M. Ayhan Kose

Download or read book Global Waves of Debt written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-03 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.

Understanding China’s Real Estate Markets

Author : Bing Wang
Publisher : Springer Nature
ISBN 13 : 3030717488
Total Pages : 312 pages
Book Rating : 4.0/5 (37 download)

DOWNLOAD NOW!

Book Synopsis Understanding China’s Real Estate Markets by : Bing Wang

Download or read book Understanding China’s Real Estate Markets written by Bing Wang and published by Springer Nature. This book was released on 2021-06-07 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s economy has been transforming rapidly over the last 25 years. As a result, Chinese conurbations have changed remarkably, with cities expanding both vertically and horizontally, and the physical environment acting as a medium for unprecedented urbanization. This has provided vast opportunities for investors, real estate developers, and service companies, but also presents huge challenges—as traditional city spaces have been reconfigured, environmental risks and the volatility of real estate markets increased. However, as engagement with China is becoming strategically important for many, forming a synthesized lens through which to read China across the vicissitudes of its real estate sector bears historic significance. By offering an insightful framework and structure for understanding China’s variegated real estate dynamics, players, and markets, Understanding China’s Real Estate Markets codifies the principles and practices of real estate development, finance, and investment in China and builds foundations for future academic research and practical knowledge in shaping and engaging the urban environment within China and beyond.

Economic Outlook for Southeast Asia, China and India 2021 Reallocating Resources for Digitalisation

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264381074
Total Pages : 140 pages
Book Rating : 4.2/5 (643 download)

DOWNLOAD NOW!

Book Synopsis Economic Outlook for Southeast Asia, China and India 2021 Reallocating Resources for Digitalisation by : OECD

Download or read book Economic Outlook for Southeast Asia, China and India 2021 Reallocating Resources for Digitalisation written by OECD and published by OECD Publishing. This book was released on 2021-02-04 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2021 edition of the Outlook addresses reallocation of resources to digitalisation in response to COVID-19, with special focuses on health, education and Industry 4.0. During the COVID-19 crisis, digitalisation has proved critical to ensuring the continuity of essential services.

The Chinese Birdcage

Author : Heleen Mees
Publisher : Springer
ISBN 13 : 1137588861
Total Pages : 197 pages
Book Rating : 4.1/5 (375 download)

DOWNLOAD NOW!

Book Synopsis The Chinese Birdcage by : Heleen Mees

Download or read book The Chinese Birdcage written by Heleen Mees and published by Springer. This book was released on 2016-10-17 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book vividly describes how China’s rise in the early 2000s led to rising profits and declining labor income everywhere, ultimately resulting in the global financial crisis. Under Deng Xiaoping’s policy of ‘reform and opening up’ in the 1980s, China quickly became the world’s factory floor...but powerful political leaders envisioned a world in which the market economy would be trapped within the confines of a planned economy. With China’s admission into the World Trade Organization in 2001, almost a billion people joined the global workforce, driving down the real wages of blue- and white-collar workers in the US and Europe while also lowering interest rates, which fueled housing bubbles and destabilized the financial sector. This book explores China’s significant influence on western economies by focusing on the links between the labor market, corporate profits, and interest rates, using Arthur Lewis's framework for economic growth with unlimited supplies of labor to argue that by 2010 the world economy – and political situations – had been set back almost one hundred years.

Fiscal Policy and Long-Term Growth

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1498344658
Total Pages : 257 pages
Book Rating : 4.4/5 (983 download)

DOWNLOAD NOW!

Book Synopsis Fiscal Policy and Long-Term Growth by : International Monetary Fund

Download or read book Fiscal Policy and Long-Term Growth written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-04-20 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth and distills practical lessons for policymakers. The particular mix of policy measures, however, will depend on country-specific conditions, capacities, and preferences. The paper draws on the Fund’s extensive technical assistance on fiscal reforms as well as several analytical studies, including a novel approach for country studies, a statistical analysis of growth accelerations following fiscal reforms, and simulations of an endogenous growth model.

A Financial Crisis Manual

Author : Dimitrios D. Thomakos
Publisher : Springer
ISBN 13 : 113744830X
Total Pages : 334 pages
Book Rating : 4.1/5 (374 download)

DOWNLOAD NOW!

Book Synopsis A Financial Crisis Manual by : Dimitrios D. Thomakos

Download or read book A Financial Crisis Manual written by Dimitrios D. Thomakos and published by Springer. This book was released on 2016-03-31 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent financial crisis has generated many structural changes within the economy. Many issues are ongoing, and the question of how to recover from the crisis, and how to avoid another one, are continually addressed by scholars and practitioners everywhere. Where there is much discussion within academic and practitioner circles, there is not always adequate interaction between these schools of research. This book provides a thorough overview of the recent financial crisis from the perspective of both industry practitioners and academics specialising in the area. The first part provides practitioner insight on the crisis, and explores the causes and effects and of the recession, European public financing, ECB monetary policy and the Euro, the repression of financial markets, and financial stability. Part two focuses on the case of Greece, as a country still heavily impacted by the crisis, which has undergone various unorthodox policies imposed by the IMF, the ECB the EU. The third part provides insight from researchers and academics, covering an array of Economic theories and revealing new economics architectures available for the future. With informed views from both financial industry practitioners and academics, this book discusses current issues and implementable solutions for a faster post-crisis recovery.