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- W1042538067 abstract "While reform of the Chinese public and external sectors has promoted growth, it has also led to increasing macroeconomic volatility. Such volatility has largely been due to China's de facto administrative and fiscal decentralisation and its de jure attempts at reasserting central control through fiscal and commercial regulation. Section Ⅱ will discuss some reasons for China's rapid economic growth and discuss the macro-level influences which caused output and inflation instability in the period 1979-1996. Section Ⅲ will discuss the effects of public sector reform on output and prices. Section Ⅳ will explore trade reform's effects on output and prices. The conclusion will discuss implications for stabilisation -where “stabilisation” is taken to comprise economic policies aimed at reducing inflation while promoting long-term output growth." @default.
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- W1042538067 date "2004-01-01" @default.
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- W1042538067 title "Chinese Macroeconomic Stabilisation and Reform： A Briefing Note" @default.
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