Hi-Stat img
□ JAPANESE
□ HOME
. Project outline
Organization

Basic Concept

Staff

. Research
Discussion Papers
Database
. Announcements
Workshops
Lecture series
Newsletter
. Links
Hitotsubashi University

Hitotsubashi University Library

Institute of Economic Research

Research Centre for Information and Statistics of Social Science

ASHSTAT Project

Global Economic History Network

Japan’s Fiscal Policy and Fiscal Reconstruction


Toshihiro Ihori and Atsushi Nakamoto


June, 2005


Previous paper Next paper
Abstract
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.
Download (204KB)
Copyright (C) 2003 by Institute of Economic Research.All rights reserved.