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Macroeconomic Policy and Steady Growth in China: 2020 Dancing with Black Swan

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Since the appearance of macroeconomics in the 1940s, economists have created many theoretical frameworks to explain the origin and mechanism of economic fluctuations. However, few of these have managed to gain explanatory power over reality; nor can they solve real-life problems. This book proposes a new macroeconomic paradigm that makes breakthroughs in these areas.

Based on a balance sheet approach and macro-financial linkage analysis, this book carries out a comprehensive analysis of the ...