Stable and Sustainable Growth of a Large Open Economy
An Empirical Study of China
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Beschreibung
This book analyzes the basic theories of new open economy macroeconomics, economic growth and policy choices in openness. It discusses the economic distortions in international capital flows and the mechanism through which shocks are amplified to affect macroeconomic stability, and the international correlation of China’s economic cycle. In addition, it highlights the macroeconomic impact of government expenditure on improving people’s well-being and the essential role of public goods and services provision. Finally, it investigates optimal wealth distribution and the corresponding social welfare function, offering valuable theoretical and practical contributions to the study of openness and macroeconomic stability.
Autor*in
Xiaojin Zhang
Themen in »Stable and Sustainable Growth of a Large Open Economy«
Zhang Xiaojing Stable and Sustainable Growth of a Large Open Economy Optimal Wealth Distribution Open Economy Macroeconomics Economic Distortions Government Social Expenditures International Financial Crisis Cross-Border Financial Flows Financial Stability External Shocks Real Estate Cycle