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
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. :)
ReplyDeleteNearly everyone has been "schooled", regardless of culture.
ReplyDeleteUniversity of Hard Knocks (original was in Michigan?)
Ain't no hula, but we're proud to be alumni.
China will go MMT about 20 years after the US goes MMT....
ReplyDeleteThey just hack the us for everything....
When will the US hack national healthcare?
ReplyDelete