Question
If you are an adviser to the government of China in 2008. The country has a current account surplus and is facing a recession in
If you are an adviser to the government of China in 2008. The country has a current account surplus and is facing a recession in 2008. What is your advice about the exchange rate policy [China relatively fixed the exchange rate to the U.S. dollar] and fiscal policy? [Hint] Using II-XX diagram to explain the internal and external economic condition of China, and propose the policy tools.
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
