Analysis on Chinese Economic Development Under Post-Financial Crisis Environment Based on IS-LM Model

DOI

10.2991/assehr.k.211209.324How to use a DOI?

Keywords

IS-LM model; monetary policy; economic policy; financial crisis

Abstract

After the subprime mortgage crisis occurred in the United States, the worldwide financial turmoil not only resulted in a series of serious negative consequences in the global financial field, but also brought a relatively big impact for our country’s economy. In order to response the global financial crisis, Chinese government has implemented a moderately loose monetary policy of continuous “double rate” reduction since the end of 2008. Based on the IS-LM model, together with the data, about Chinese GDP and Monetary growth rate from 2008 to 2019, collected through the website of Bank of China and other relevant resources, this paper analyzed the effects of the above economic policies. The research result shows that it is very difficult for Chinese market rescue policy to achieve results in the short term, and it is necessary to explicit the direction of investment and the focus of monetary policy in order to promote sustainable and stable economic growth.

Copyright

© 2021 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Jiaxuan Wang
PY  - 2021
DA  - 2021/12/15
TI  - Analysis on Chinese Economic Development Under Post-Financial Crisis Environment Based on IS-LM Model
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 1989
EP  - 1992
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.324
DO  - 10.2991/assehr.k.211209.324
ID  - Wang2021
ER  -