How does a demographic dividend translate into higher economic growth rates and how does a demographic deficit lead to lower growth rates? As mentioned earlier, whenever there are more youth in the workforce, they can be absorbed into the jobs being created in addition to being hired at ...
Thanks to a special payment mechanism, trillions of yuan of direct central government funds have been channeled to the bottom of the country in the first place, reaching the nerve ends of cities and counties. As the system innovation of macro-control this year, what is the special payment mec...
In the last decade, fiscal rule was introduced to institutionalize rule-based fiscal control in India by enacting Fiscal Responsibility Legislation by the Union and state governments. Using a 14 year data set from 2000–01 to 2013–14, spread across 14 major states, this paper examines the imp...
Fiscal Policy:It is a measure through which a government regulates its tax rates and spending levels to influence and manage the behavior of a nation's economy. It is used to direct the economic goal of a country. The use of government expenditures and revenues to determine microeconomic ...
aFiscal variables (consolidated budget deficit expressed as a percent of the GDP). 财政可变物 (巩固了预算赤字被表示为国民生产总值的一百分之)。[translate] aBeneficiary Account Name 受益人帐目名[translate] ahow deep is you love 多么深的是您爱[translate]...
The author describes a spread-sheet planning model to help determine the government deficit consistent with a policymaker's "vector" of principal macroeconomic objectives (including real GDP growth, inflation, exchange rate, and international reserve accumulation). The model focuses on the monetary ...
fast rule about precisely what level of debt is "safe" or not, there are many episodes throughout history of countries getting into big economic trouble when they allow their national debt to rise too high (since it often means higher debt interest payments, which can ...
supply shock and weakening expectations still large and the external environment volatile. To address these risks and challenges, we need to strengthen fiscal macro-control, optimize the mix of policy tools, and ensure that fiscal sustainability and local government debt risks are under control while...
There was an argument that the cliff would be a long-term positive. To mix metaphors, it was seen as "bitter medicine" that would finally bring the federal deficit under control. According to the Congressional Budget Office, by 2022 thebudget deficitwould fall to $200 billion from its then...
Expansionary fiscal policy involves increased spending or tax cuts to stimulate demand and counter recessions, potentially leading to budget deficits. Contractionary fiscal policy involves reduced spending or increased taxes to control inflation, possibly leading to budget surpluses....