@gabewildau @OECDeconomy @michaelxpettis @M_C_Klein @Brad_Setser Thank you Gabriel. Happy new year.
I was really surprised by the scale of the wedge because of the idea that China has only a very limited welfare state/redistributive capacity.
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…