Macroeconomic Policy and Steady Growth in China, Xiaojing..
Taylor & Francis
Macroeconomic Policy and Steady Growth in China2020 Dancing with Black Swan\nAuthor(s): Zhang Xiaojing\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781032033358, 978-1032033358\nSynopsis\nSince the appearance of macroeconomics in the 1940s, economists have created many theoretical frameworks to explain the origin and mechanism of economic fluctuations. However, few of these have managed to gain explanatory power over reality; nor can they solve real-life problems. This book proposes a new macroeconomic paradigm that makes breakthroughs in these areas.\n\nBased on a balance sheet approach and macro-financial linkage analysis, this book carries out a comprehensive analysis of the trends within Chinas macroeconomy in 2020. The author argues that the COVID-19 pandemic created a great degree of uncertaintytherefore, supply-side structural reform and improved total factor productivity have been promoted to ensure a policy of steady g.
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