search query: @author Liu, Cheng / total: 5
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| Author: | Liu, Cheng |
| Title: | A study of the feasibility of implementing the positive fiscal policy by analyzing the long-term fluctuation of a couple of indexes (original in Chinese) |
| Journal: | Macro Economic Management (c)
1999 : 2, p.7-9 |
| Index terms: | FINANCIAL POLICY CHINA |
| Language: | chn |
| Abstract: | China is able to continuously bear the financial deficits, which comes up to 3 percent of the GDP. With the financial deficits controlled and economic growth rate higher than the true rate ot interest rate, even it we continuously issue the national debt to make up the financial deficit, the proportion of the national debt balance to the GDP will rise very slowly, which can hardly cause too heavy debt burden in a short-term. If, with the increase of financial deficits and issue of the national debt, we keep increasing the "Two Proportions", optimize the term structure and interest rate structure of the national debt, the debt dependence can be controlled, or even reduced. |
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