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China's Gradualistic Economic Approach and Financial Markets

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NBER2017-02-01 更新2025-01-04 收录
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Chinas gradualistic approach allowed the government to learn how the economy reacts to small policy changes, and to adjust its reforms before implementing them in full. With fully developed financial markets, however, private actors may front-run future policy changes making it impossible for the

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2017-02-01
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