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Excessive Macrocontrol and Preventive Measures

In: The Chinese Path Toward a Leaner Government

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  • Laijun Luo

    (National Academy of Development and Strategy of Renmin University of China)

Abstract

Macrocontrol is called stabilization policies in advanced economies, where it is meant to be a public policy to offset short-term economic fluctuations so that output and price remain as close to their long-term levels as possible. However, in China, macrocontrol tends to be used as a tool to promote economic growth.

Suggested Citation

  • Laijun Luo, 2023. "Excessive Macrocontrol and Preventive Measures," Springer Books, in: Yining Li & Zhiqiang Cheng (ed.), The Chinese Path Toward a Leaner Government, pages 33-43, Springer.
  • Handle: RePEc:spr:sprchp:978-981-19-6718-4_3
    DOI: 10.1007/978-981-19-6718-4_3
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