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Macrostabilisation Policy in Mainland Chinas Open Economy

Macrostabilisation Policy in Mainland Chinas Open Economy 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. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Studies Emerald Publishing

Macrostabilisation Policy in Mainland Chinas Open Economy

Journal of Economic Studies , Volume 18 (1) – Jan 1, 1991

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References (20)

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 StudiesEmerald Publishing

Published: Jan 1, 1991

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