Japanese fiscal reform: Fiscal reconstruction and fiscal policy

Toshihiro Ihori; Takero Doi; Hiroki Kondo

doi:10.1016/S0922-1425(00)00052-9

Japanese fiscal reform: Fiscal reconstruction and fiscal policy

Toshihiro Ihori, Takero Doi, Hiroki Kondo

Faculty of Economics

Research output: Contribution to journal › Article › peer-review

26 Citations (Scopus)

Abstract

This paper evaluates the recent movement of Japanese fiscal reform. We first summarize fiscal policy in 1990s. Then, we investigate several relevant topics of fiscal policy such as the macroeconomic impact of government debt and the sustainability problem. We then consider dynamic properties of fiscal reconstruction process by analyzing the dynamic game among various interest groups. This paper points out that the long-run structural reform is more important than the short-run Keynesian policy in Japan.

Original language	English
Pages (from-to)	351-370
Number of pages	20
Journal	Japan and The World Economy
Volume	13
Issue number	4
DOIs	https://doi.org/10.1016/S0922-1425(00)00052-9
Publication status	Published - 2001 Dec

Keywords

D62
F13
Fiscal policy
Fiscal reconstruction
Fiscal structural reform
H41

ASJC Scopus subject areas

Finance
Economics and Econometrics
Political Science and International Relations

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10.1016/S0922-1425(00)00052-9

Cite this

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AB - This paper evaluates the recent movement of Japanese fiscal reform. We first summarize fiscal policy in 1990s. Then, we investigate several relevant topics of fiscal policy such as the macroeconomic impact of government debt and the sustainability problem. We then consider dynamic properties of fiscal reconstruction process by analyzing the dynamic game among various interest groups. This paper points out that the long-run structural reform is more important than the short-run Keynesian policy in Japan.

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KW - Fiscal structural reform

KW - H41

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Japanese fiscal reform: Fiscal reconstruction and fiscal policy

Abstract

Keywords

ASJC Scopus subject areas

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