id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
cord-288183-pz3t29a7	McKibbin, Warwick J.	Chapter 15 A Global Approach to Energy and the Environment The G-Cubed Model	2013-12-31		.txt	text/plain	20679	1069	53	Macroeconomic policy issues in Japan have been examined using G-Cubed by McKibbin (2002) and Callen and McKibbin (2003) where the experience of Japan during the 1990s was captured by the model as a serious of policy errors particularly in announcing fiscal expansion and generating crowding out through asset markets, but then not delivering the fiscal spending causing a persistent downward drop in GDP; in India by McKibbin and Singh (2003) where nominal income targeting was shown to be a far better monetary regime than inflation targeting given the prevalence of supply side rather than demand-side shocks in the Indian economy; in China by McKibbin and Tang (2000) and McKibbin and Huang (2000) where financial reforms where found to have profound effects on economic growth and the balance of payments adjustment but that a loss in confidence in China could devastate economic growth; and in Asia in McKibbin and Le (2004) and McKibbin and Chanthapun (1999) where flexible exchange rate regimes were found to be far better at insulating East Asian economies against global economic shocks that pegging to either the US dollar or a common Asia currency.	./cache/cord-288183-pz3t29a7.txt	./txt/cord-288183-pz3t29a7.txt