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- Publisher
- Emerald Publishing
- Copyright
- Copyright © Emerald Group Publishing Limited
- ISSN
- 0144-3585
- DOI
- 10.1108/01443589110006279
- Publisher site
- See Article on Publisher Site
Abstract
A general equilibrium model for mainland Chinas open economy isformulated and used to examine the effect of stabilisation policy on theinternal and external balances. An expansionary monetary or fiscalpolicy in particular through its effect on consumption and labour supplyraises aggregate supply. However, the effect on the external balance isambiguous. The issue of tradeoffs between internal and externalbalances does arise if the effect on production is greater than that onconsumption, the trade balance will not be ameliorated.
Journal
Journal of Economic Studies – Emerald Publishing
Published: Jan 1, 1991