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		| Xing-chun  Wen  | 
	
	
		| College of Economics and Management, China Agricultural University, Beijing 100083, China | 
	
	
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		| xingchunwen@cau.edu.cn | 
	
	
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		JEL Areas: E5 : Monetary Policy, Central Banking, and the Supply of Money and Credit: General H2 : Taxation, Subsidies, and Revenue: General |