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- W2376109990 abstract "Since the financial crisis,the whole world economy is in downturn.Accompanying with a high degree of economic globalization,China's economy cannot be an exception.Economic structural contradictions,insufficient domestic and external demands,deficiency of endogenous motive economic growth are the main factors which restrict China's economic development.Since the late 1990s,positive fiscal policy is more and more popular in China.There's no doubt that it has positive effect on economic growth.In the meanwhile,government debts continue to accumulate and the scale of fiscal deficit is expanding and we cannot overlook the national economic hard-landing risk.The fiscal policy that relies on the huge fiscal deficits to stimulate economic development cannot last long.We must re-examine the positive fiscal policy,get rid of the fiscal deficit illusion,consolidate the financial economy basis,regress to robust finance,establish the value orientation of livelihood fiscal policy,use the fiscal policy to promote sustained economic growth and make the national economy soft-landing come true." @default.
- W2376109990 created "2016-06-24" @default.
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- W2376109990 date "2012-01-01" @default.
- W2376109990 modified "2023-09-28" @default.
- W2376109990 title "Abandoning the Deficit Illusion of Fiscal Policy Options" @default.
- W2376109990 hasPublicationYear "2012" @default.
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