Could MAS’s Policy hit the dual targets of welfare maximization and sustainability? Definitely!

Climate-related risks have received growing attention from policy makers in recent years (Dikau and Volz, 2021; Muller, 2021), and central banks and other stakeholders within the financial sector are believed to be better able to promote a sustainability agenda through the use of various initiatives. This article reviews the latest initiatives by Singapore’s financial sector […]

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The Junction of China’s Welfare Spending and Fiscal Sustainability

Debt levels in China are believed to be sustainable at a national level, but a closer look at provincial level data, flags up potential causes for concern. Prior to the Global Financial Crisis, there was a consensus that China was fiscally sustainable with both foreign and domestic debt taken into consideration. This is because the […]

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Chart of the Week Oct 30, 2020: China’s Social Expenditure over the Past Decade

Summary China’s Social Expenditure comprises of six different components: education expenditure, pension insurance, medical and healthcare expenditure, unemployment insurance, housing insurance, and minimum living allowance (China Development Research Foundation, 2013). Since 2017, China has emphasized the importance of increasing their investments in education, healthcare, and welfare benefits in order to mitigate inequities in social and economic development. This week’s Chart of the Week presents annual data from the National […]

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