China's Macroeconomic Performance and Economic Fluctuations (1990-2002)

Author: Liu Xin
Publisher:
Publish Date: 2003-12-01
Features: This book presents a brand-new approach to analyzing China's macroeconomics, with its theoretical foundation established by Professor Liu Xin in his book "Capital Theory—Effective Demand and Monetary Theory." The book employs Professor Liu Xin's theoretical model, treating the entire national economy as a monetary financial system. Based on an endogenous money supply, it links the statistical variables of national income accounting with those of the monetary financial system. It completely discards the traditional method of explaining these variables based on production functions, instead elucidating the determination and patterns of change in these variables from the perspective of the operation and stability of the monetary financial system.