Saturday, May 23, 2020

Blog: Chinese Economists Clash Over Monetization of Fiscal Deficit, Special Treasury Bonds — Zhang Qizhi and Gavin Cross


Strongly suggests that Chinese policy makers are not on board with the MMT approach and are resistant to it because (neoliberal) "fiscal discipline." So much the worse for China.

Caixan
Blog: Chinese Economists Clash Over Monetization of Fiscal Deficit, Special Treasury Bonds

1 comment:

peterc said...

From occasional flipping around news channels of various countries, the authorities in China, Russia and elsewhere seem to have been schooled in the same macro textbooks as the rest of us. :)