The transformation of fiscal policy from expansionary to prudent

Author: China Economic Publishing House
Publisher:
Publish Date: 2006-04-26
Features: This book begins with an analysis of the theory and practice of fiscal policy cycle replacement, as well as the background of China's implementation of active fiscal policy. Based on extensive data and materials, it employs econometric and institutional economic analysis methods to comprehensively evaluate the effects and shortcomings of active fiscal policy over the past few years. The book analyzes and designs the conditions, necessity, and pathways for the gradual phasing out of active fiscal policy, as well as the transition from active fiscal policy to a prudent fiscal policy. After the phasing out of active fiscal policy, it systematically elaborates on how to implement effective medium- and long-term policies, such as government bond investment, taxation, income distribution, and active employment policies, under the guidance of public finance theory and the goal of building a harmonious society.