Potential and Sustainability of Fiscal Policy

Author: Han Wenxiu
Publisher:
Publish Date: 2000-08-01
Features: This book is the result of a research project funded by the China Economic Reform Research Foundation. It consists of ten chapters, primarily elaborating on the potential and sustainability of active fiscal policy, fiscal policy since reform, the reasonable limits of deficits and government bonds with international comparisons, and implicit debts, contingent liabilities, and active fiscal policy. It provides a detailed explanation of the implementation methods and effects of expansionary fiscal policy, the coordination and complementarity of fiscal and monetary policies with the sustainability of expansionary fiscal policy, and the long-term debt repayment capacity analysis. It also introduces government bond management and the government bond market, as well as preliminary ideas for local government bond issuance and an outlook on the potential and sustainability of active fiscal policy during the 15th Five-Year Plan period.