The Impact of Demand Management Policies on the Local Economy Under the Background of the Domestic Big Cycle

  • Jun Yu School of Economics, Anhui University of Finance & Economics
Article ID: 2060
49 Views, 5 PDF Downloads
Keywords: Demand management policy, Local economy, Response strategy

Abstract

In this paper, the important background factor of the domestic big cycle is incorporated into the DSGE model. On the basis of this model, this paper uses actual data of China’s economy, through Bayesian estimation and dynamic simulation methods, and believes that in this context, in order to stimulate the economy, the country has adopted a combination of expansionary fiscal policy and expansionary monetary policy. While curing diseases, macroeconomic policies inevitably have some side effects on the local economy, such as increasing the financial burden of local governments and increasing the uncertainty of the number of orders for export enterprises.

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Published
2021-05-19
How to Cite
Yu, J. (2021). The Impact of Demand Management Policies on the Local Economy Under the Background of the Domestic Big Cycle. Learning & Education, 9(5), 146-147. https://doi.org/10.18282/l-e.v9i5.2060