Enrich series on China's economic issues, vol. 4 : a study of the macroeconomic effects of China's fiscal deficits

Divided into four parts, this consideration establishes a theoretical framework that analyzes the large-scale effects of China's fiscal deficits. A detailed review, this account discusses a variety of topics, including policy sustainability, national savings, nominal interest rates, money supply, inflation, and balance of trade. In addition, this empirical study evaluates the implications China's fiscal deficit policy on macroeconomic regulation and control function. This book establishes a theoretical framework that analyzes the enormous effects of fiscal deficits. It provides a comprehensive assessment and discusses the corresponding policy implications. The book is divided into four parts. Part I introduces the issues and discusses the academic and practical value of the topic. Part II provides a comprehensive overview of related domestic and foreign budget deficits and establishes a theoretical framework for analyzing the macro-economic effects of fiscal deficits. Part III elaborates on the effects of a fiscal deficit policy on different macroeconomic variables, such as policy sustainability, national savings, nominal interest rates, money supply, inflation, and balance of trade. Part IV concludes with an empirical analysis, offering an overall evaluation of China's fiscal deficit policy and its implications for macro-economic regulation and control. Xu Xiongqi, Xie Fei. Includes Bibliographical References (p. [197]-216) And Index.