Credit and Fiscal Multipliers in China is popular PDF and ePub book, written by Sophia Chen in 2017-12-12, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Credit and Fiscal Multipliers in China can be Read Online from any device for your convenience.
Credit and Fiscal Multipliers in China Book PDF Summary
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.
Detail Book of Credit and Fiscal Multipliers in China PDF
- Author : Sophia Chen
- Release : 12 December 2017
- Publisher : International Monetary Fund
- ISBN : 9781484332184
- Genre : Business & Economics
- Total Page : 26 pages
- Language : English
- PDF File Size : 7,7 Mb
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