|  | 
	
		| Xiaohui  Tian | 
	
		| Renmin University of China | 
	
		|  | 
	
		| Room 919 Mingde Main Building | 
	
		| 59 Zhongguancun St. | 
	
		|  | 
	
		| Beijing, Beijing 100872 | 
	
		| China | 
	
		|  | 
	
		| tianxiaohui@ruc.edu.cn | 
	
		|  | 
	
		|  | 
	
		|  | 
	
		|  | 
	
		|  | 
	
		|  | 
	
		|  | 
	
		| JEL Areas: E6 : Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General
 H3 : Fiscal Policies and Behavior of Economic Agents: General
 |