The effects of capacity reduction policy under the interest rate peg in China
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DOI: 10.1016/j.asieco.2021.101311
Abstract: Abstract Capacity reduction has been a recurrent theme in China's economic policy. The central government takes various administrative measures to remove excess capacity, accumulated mainly due to underpriced production factors and distorted incentives. I evaluate… read more here.
Keywords: rate peg; policy; interest rate; capacity ... See more keywords