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Macroeconomic Effects of China’s Financial Policies

November 12, 2018 Bilal 0

Macroeconomic Effects of China’s Financial Policies https://ift.tt/2JQtr45 Macroeconomic Effects of China’s Financial Policies NBER Working Paper No. 25222 Issued in November 2018 NBER Program(s):Development Economics, Economic Fluctuations and Growth, Monetary Economics The Chinese economy has undergone three major phases: the 1978-1997 period marked as the SOE-led economy, the 1998-2015 phase as the investment-driven economy, and the new normal economy since 2016. All three economies have been shaped by the government’s financial policies, defined as a set of credit policy, monetary policy, and regulatory policy. We analyze the macroeconomic effects of these financial policies throughout the three phases and provide the […]