Stable and Sustainable Growth of a Large Open Economy

This book examines open economy macroeconomics, growth, and policy choices, analyzing distortions in capital flows, shocks to stability, and China's economic cycle correlations. It highlights the macro impact of government spending on livelihoods, public goods, wealth distribution, and social welfare, offering insights into openness and stability. This book analyzes the basic theories of new open economy macroeconomics, economic growth and policy choices in openness. It discusses the economic distortions in international capital flows and the mechanism through which shocks are amplified to affect macroeconomic stability, and the international correlation of China’s economic cycle. In addition, it highlights the macroeconomic impact of government expenditure on improving people’s well-being and the essential role of public goods and services provision. Finally, it investigates optimal wealth distribution and the corresponding social welfare function, offering valuable theoretical and practical contributions to the study of openness and macroeconomic stability.

Pagina's: 306, Editie: Eerste editie, Hardcover, Peter Lang AG, Internationaler Verlag der Wissenschaften