"The Long Shadow of a Fiscal Expansion,"Brookings Papers in Economic Activity, Fall, 129-181.Bai, Chongen, Chang-Tai Hsieh, and Zheng Song (2016), The long shadow of a fiscal expansion, Brookings Papers in Economic Activity, forthcoming....
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As a "natural and historic extension" of the BRI, Africa plays a key role in this initiative.While China-Africa cooperation has a long-standing history,economic and trade ties between the two sides have entered a new phase since the BRI’s inception:China has maintained its status as Africa...
the Chinese economy has been growing steadily since the beginning of this year. With a year-on-year GDP growth of 5.4 percent in the first quarter, China is one of the fastest-growing major economies in the world. In the first
However, we show that the size of shadow entities (FSs) has a critical impact on the financial system stability. For SRISK, larger shadow entities increase systemic risk much more than traditional banks and real estate finance services, as a clear effect of the rapid and sharp increase of ...
Clearway also sells its power via PPAs that generate a steady cash flow for the company. The company has a lot of growth lined up. A combination of higher power prices, organic expansion projects, and secured acquisitions of operating assets and development projects provide Clearway with ...
2. In what sense is the rise of China considered a threat to US strategic power and the western liberal order? 3. Governance capacity, COVID-19 and a new terrain of geo-economic and geo-political competition 4. Quantitative easing, modern monetary theory and responses to an economic shockwav...
In this article, we focus on both limitations by examining a region that has received considerable attention for maritime disputes and the chance of conflict at sea—the ECS—and by linking regional characteristics with the larger global phenomena of maritime boundary disputes. First, what are the...
To bypass Beijing’s oversight, localities relied upon land sales as a source of revenue from secondary “fund budgets” at the local level, and structured quasi-fiscal spending as borrowing from local banks through local state-owned enterprises or financing vehicles. Shadow banks and informal ...
We examine the relationship between financial sector development and the shadow economy in Indonesia from 1980 to 2020. We estimate the size of Indonesia's shadow economy using the “Modified Cash to Deposits Ratio” approach. We then construct a long-term model using the size of Indonesia's sh...