Japan's fiscal policy and fiscal reconstruction

被引：0

作者：

Ihori T. ^{[1
]}

Nakamoto A. ^{[1
]}

机构：

[1] Graduate School of Economics, University of Tokyo, Bunkyo-ku 113 Tokyo

来源：

International Economics and Economic Policy | 2005年 / 2卷 / 2-3期

关键词：

Gross Domestic Product; Fiscal Policy; Private Investment; Structural Reform; Public Capital;

D O I：

10.1007/s10368-005-0031-3

中图分类号：

学科分类号：

摘要：

This paper investigates the macroeconomic effects of fiscal policy and the fiscal reconstruction movement in Japan. We first summarize Japan's fiscal policy in recent years and discuss advantages and disadvantages of government deficits. Next, we investigate the macroeconomic effects of Japanese fiscal policy and evaluate the plausibility of non-Keynesian effects. We also analyze the possibility of the crowding-in effect of fiscal policy and investigate the spillover effects of deregulation. Finally, we discuss political constraints in the fiscal reconstruction attempts and propose some measures for successful fiscal reforms in the near future. © Springer-Verlag 2005.

引用

页码：153 / 172

页数：19

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