Credit and Fiscal Multipliers in China /

We jointly estimate credit and fiscal multipliers in China. We use the tenure of the provincial party secretary, interacted with the type of stimulus used in other provinces, to obtain separate instruments for provincial credit and government expenditure. We estimate a fiscal multiplier of 0.8 and a...

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Xehetasun bibliografikoak
Egile nagusia: Chen, Sophia
Beste egile batzuk: Ratnovski, Lev, Tsai, Pi-Han
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2017.
Saila:IMF Working Papers; Working Paper ; No. 2017/273
Sarrera elektronikoa:Full text available on IMF