Whether the U.S. economy grows or moves into recession
makes a big difference to Mexico or even to Japan, and
whether other industrial countries shift to fiscal stimulus
makes a difference to the U.S. economy.
Dornbusch, Fischer, and Startz
Money is one of the conventions which
human societies have adopted to guard
themselves against uncertainty, by
allowing people to postpone decisions
about whether and what to buy.
Robert Skidelsky Keynes: the Return of the
Master, p. 75.
Public finance and Traditional Thoughts on Chinas Public Finance
Chinas Public Finance
Public Finance and Chinas Economic Growth
Challenges to Chinas Public Finance
Options to Chinas Public Finance Reforms
Compiled by You Yi
Unit 3.1 Measuring national income
Its a measure of the value of the output of the goods and services produced by an
economy in a given year. (The total valu