China's government economic stimulus package in 2008-09 appears to have worked well. It seems to have been about the right size, included a number of appropriate components, and was well timed. Its subnational component was designed to maximize the impact of the stimulus package on the economy and minimize the potential procyclical elements that are usually built into subnational fiscal mechanisms in federal countries. Moreover, China's massive fiscal...
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2012/10/01
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Documento de trabalho sobre pesquisa de políticas
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WPS6221
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1
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1
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2010/10/01
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Disclosed
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Demystifying China's fiscal stimulus
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government spending
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