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Beijing’s Big Gamble: Stock Markets Soar On China's Stimulus

Many Happy Returns

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Monetary vs. Fiscal Policy Dynamics

This chapter delves into the differences and interactions between monetary and fiscal policy, examining the role of central bank independence in controlling inflation. It highlights the unique aspects of China's monetary policy and the effects of crises on the separation of these policies. The discussion also emphasizes the need for collaboration between monetary and fiscal authorities while advocating for central bank autonomy during stable periods.

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