Fiscal Policy and Objective Economic Control

Author: Dai Yuanchen
Publisher:
Publish Date: 2003-02-01
Features: Series of Chinese Academic Classics. To address the dual challenges of insufficient domestic demand and the Asian financial crisis in the economic operation, the Chinese government introduced an active fiscal policy to promote sustained and stable economic growth. This book is a research outcome of a relevant project by the Chinese Academy of Social Sciences. It explores various aspects of active fiscal policy and macroeconomic regulation, and more importantly, introduces the readers to the methodology of this research. The environment is constantly changing, and the book concludes with a shift from active fiscal policy to sustainable fiscal policy, which is not only a forecast of the future but also holds methodological significance.