“财政政策在宏观调控中的地位”相关英文论文，50一篇

是 否 +2 论坛币

k人 参与回答

经管之家送您一份

应届毕业生专属福利!

求职就业群

赵安豆老师微信：zhaoandou666

经管之家联合CDA

送您一个全额奖学金名额~ !

立即领取

感谢您参与论坛问题回答

经管之家送您两个论坛币！

+2 论坛币

求与“财政政策在宏观调控中的地位”相关的英文论文，50元论坛币一篇。
我用购买的方式支付。

扫码加我 拉你入群

请注明：姓名-公司-职位

以便审核进群资格，未注明则拒绝

分享0 收藏0 回帖

关键词：财政政策 英文论文 宏观调控 论坛币 论文 英文 宏观调控 财政政策 地位

01
Fung, Michael K. Y.; Ho, Wai-Ming; Zhu, Lijing.
Macroeconomic Control in the Transforming Chinese Economy: An Analysis of the Long-Run Effect
Pacific Economic Review, Feb2001, Vol. 6 Issue 1, p55-88

Abstract
This paper analyzes the issue of macroeconomic control in the Chinese economy where there is a dual structure (consisting of a state sector and a non-state sector) and the financial sector is still under tight control by the government. Given the dual structure and financial repression, when inflation is a severe problem, the authors investigate whether it is possible for the government to bring inflation under control without hampering long-term economic growth performance. The investigation is conducted within the context of an endogenous growth model that incorporates the two major institutional features of the transforming Chinese economy. The paper evaluates the long-run effects of changes in government monetary and fiscal policies on the major macroeconomic aggregates. The analysis suggests that increasing in the interest rate on government bonds will reduce inflation without affecting the growth rate of output; while increasing the nominal interest rate on bank deposits will exert a stagflationary effect on the economy: raising the inflation rate but reducing the growth rate of output.

02
Dong He; Zhiwei Zhang; Wenlang Zhang.
HOW LARGE WILL BE THE EFFECT OF CHINA'S FISCAL STIMULUS PACKAGE ON OUTPUT AND EMPLOYMENT?
Pacific Economic Review, Dec2009, Vol. 14 Issue 5, p730-744

abstract
This paper studies the effects of the fiscal-stimulus package in Mainland China on its
output and employment. Using the input-output table as the analytical framework, we
argue that the aggregate effect on output and employment of a given amount of fiscal
spending depends on the distribution of such spending across different economic sectors.
We estimate that the announced fiscal spending of RMB2 trillion yuan in 2009 could lead
to a direct increase in output of RMB1.7 trillion yuan, implying a fiscal multiplier of
around 0.84 in the short-run, and could potentially generate 18 million to 20 million new
jobs in non-farming sectors. We further argue that the size of the fiscal multiplier also
depends on the cyclical conditions of the economy and the policy environment, which we
simulate using a dynamic structural model. Model results show that the fiscal multiplier
in the medium run is around 1.1 as government fiscal spending leads to higher household
consumption and corporate investment, which will take time to fully materialise.

03
Wensheng Peng, Hongyi Chen and Weiwei Fan
Interest Rate Structure and Monetary Policy Implementation in Mainland China
HKMA China Economic Issues No.1/06, June 2006

abstract
Deregulation and financial market development have changed the structure of
interest rates and their significance in monetary policy transmission and
implementation in China. The role of market interest rates has increased
owing to banking sector reforms and growth of direct financing for
corporations. As a result, the value of the benchmark lending and deposit
rates set by the People’s Bank of China (PBoC) has declined as an indicator of
monetary conditions and policy stance. For PBoC watchers, it is important
to follow changes in the repo interest rate, which is the most representative
money market rate, as well as the issuing rate of central bank bills, which are
heavily used for reducing liquidity in recent periods. In particular, the real
repo rate remains low by historical standards, despite some recent increases,
suggesting relatively easy monetary conditions.

04
Hongyi Chen, Lars Jonung and Olaf Unteroberdoerster
Lessons For China From Financial Liberalization in Scandinavia
HKIMR Working Paper No.26/2009, July 2009

abstract
This report identifies a set of policy lessons for China today drawn from the experience of financial
deregulation, financial crisis and recovery in Scandinavia during the period 1985-2000. Although there
are considerable differences between the huge Chinese economy and the small Nordic countries,
there are enough similarities to make lesson-drawing a worthwhile exercise. Based on the
Scandinavian experience and the added complexity of China’s status as a transition economy,
financial reforms should strike a proper balance between being gradual (to avoid costly mistakes) and
substantive (to secure efficiency gains in the longer term) with due consideration being given to initial
conditions concerning regulation, taxes and exchange rate arrangements. A well managed process of
financial deregulation requires that policy-makers and market participants fully understand the
interlinkages between financial reforms and the rest of the economy. In addition, the supervisory and
management systems in the financial sector should move in step with the liberalization process.

谢谢，但请紧密围绕中国的宏观调控和财政政策，如第一篇和第二篇都很好。三、四篇远了。

05
Fiscal decentralization and macroeconomic management
Anwar Shah
International Tax and Public Finance, 2006, Volume 13, Number 4, Pages 437-462

abstract
The purpose of this paper is to address a central question in fiscal federalism - whether or not fiscal decentralization implies serious risks for fiscal discipline and macroeconomic management for the nation as a whole. This paper addresses this important issue by drawing upon the existing evidence regarding macro management and fiscal institutions in federal and unitary countries. This is supplemented by cross country regression analysis plus the analysis of two case studies: the Brazilian federation and the unitary regime in China. The main conclusion of the paper is that decentralized fiscal systems offer a greater potential for improved macroeconomic governance than centralized fiscal regimes. This is because the challenges posed by fiscal decentralization are recognized and they shape the design of countervailing institutions in federal countries to overcome adverse incentives associated with incomplete contracts or the “common property” resource management problems or with rent seeking behaviors.

06
Time for China to move from macro-stability to macro-sustainability: making macro-stimulus work and maintaining its effects
Wing Thye Wooab; Wei Zhang
Journal of the Asia Pacific Economy, Volume 15, Issue 4 November 2010 , pages 349 - 368

abstract
We attribute the success of China's monetary-fiscal policies in producing 8.7% growth in 2009 to the following: (1) the capital adequacy ratio requirement was not binding because the banks' capital had not been reduced by losses on assets like subprime mortgages; (2) the initial fiscal position was sound, and this allowed a substantial expansion of the budget deficit; and (3) the state has direct control over the actions of the state-controlled enterprises and the state-controlled banks, which dominate large segments of the economy, and so could order the state-controlled enterprises to ramp up investments and the state-controlled banks to ramp up lending. However, these quick decisions can be hasty actions that increase the role of the state-controlled firms in the economy and generate non-performing loans in the future. Chinese policy-makers can eliminate the trade-off between maintaining sufficient aggregate demand and ensuring economic efficiency by replacing the present macro-stimulus with new market-friendly growth drivers. Small and medium private banks should be legalized and interest rate liberalized to promote the formation of new private businesses. Farmland should be privatized so that new entrepreneurs would have the collateral to access investment loans. The termination of the household registration system and the adoption of the principle of future home ownership would accelerate high-quality urbanization, whereby the state would build public housing for migrants. China's high economic growth and its integration into the global economy are now threatened by increasing calls in the developed countries, especially in the USA, for protectionism against Chinese exports. As these calls have been prompted by China's chronic trade surplus and by the present deep recession (from the Global Financial Crisis), China should aggressively reduce the trade imbalances (e.g. by removing export rebate, liberalizing imports and modernizing the financial sector) to forestall protectionism.

谢谢，已经支持，请继续上传！

07
Meeting the Challenges of Financial Crisis - China's Practice: from Developing Countries' Prospective
Jia Kang, PRC Ministry of Finance
Policy Research Institute, Ministry of Finance, Japan, Public Policy Review, Vol 6, No.4, April 2010