Government Deficit and Fiscal Reform in Japan - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Government Deficit and Fiscal Reform in Japan write by Toshihiro Ihori. This book was released on 2012-12-06. Government Deficit and Fiscal Reform in Japan available in PDF, EPUB and Kindle. Government Deficit And Fiscal Reform In Japan presents a theoretical-based comprehensive analysis of economic consequences of government deficits and fiscal reform in Japan. Particular emphasis is directed at developing tools that can be applied to theoretically and empirically clarify essential economic concerns in Japan such as generational incidence of fiscal reform and a growing dependence on government bonds for covering financial deficits. This book evaluates the recent movement of Japanese fiscal reform and government deficit. The authors first summarize fiscal policy in 1990's. Then, they move on to investigate the macroeconomic impact of government dept and the sustainability problem, and then discuss benefits and costs of public investment. The political aspect of fiscal reconstruction movements in Japan is also examined. Finally, the authors investigate the behavior of central government's control on local governments' debt issuance and its effect on the real activities of local governments. This book points out that the long-run structural fiscal reform is more important than the short-run Keynesian fiscal policy in Japan.
Fiscal Reform and Government Debt in Japan
Fiscal Reform and Government Debt in Japan - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Fiscal Reform and Government Debt in Japan write by Gary Duane Hansen. This book was released on 2013. Fiscal Reform and Government Debt in Japan available in PDF, EPUB and Kindle. Past government spending in Japan is currently imposing a significant fiscal burden that is reflected in a net debt to output ratio near 150 percent. In addition, the aging of Japanese society implies that public expenditures and transfers payments relative to output are projected to continue to rise until at least 2050. In this paper we use a standard growth model to measure the size of this burden in the form of additional taxes required to finance these projected expenditures and to stabilize government debt. The fiscal adjustment needed is very large, in the range of 30-40% of total consumption expenditures. Using a distorting tax such as the consumption tax or the labor income tax requires either tax to rise to unprecedented highs, although the former is much less distorting than the latter. The extremely high tax rates we find highlight the importance of considering alternatives that attenuate the projected increases in public spending and/or enlarge the tax base.
Tackling Japan’s Fiscal Challenges
Tackling Japan’s Fiscal Challenges - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Tackling Japan’s Fiscal Challenges write by Keimei Kaizuka. This book was released on 2006-07-04. Tackling Japan’s Fiscal Challenges available in PDF, EPUB and Kindle. This book examines how Japan should cope with fiscal challenges, as demands on the budget from an ageing society have necessitated the reigning in of public debt and the revamp of the pension and healthcare systems. It combines insights from academic research with the views of policymakers to distil key issues that need to inform public debate.
The Political Economy of Fiscal Consolidation in Japan
The Political Economy of Fiscal Consolidation in Japan - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Political Economy of Fiscal Consolidation in Japan write by Toshihiro Ihori. This book was released on 2014-11-21. The Political Economy of Fiscal Consolidation in Japan available in PDF, EPUB and Kindle. This book investigates the reasons for persistent public deficits and delayed fiscal reform in Japan, placing a special emphasis on political economy aspects. Japan is confronted with the need to pursue fiscal discipline for fiscal consolidation and implement structural reforms for reorganizing fiscal expenditures. Focusing on particular policy fields including social security, female labor supply, public works, and intergovernmental transfer schemes, the book clarifies economic and political elements that have hindered effective steps toward these two goals. Facing population aging and a business downturn, the Japanese government was urged to increase social security expenditures and the budget for Keynesian stimulus policies. As elucidated in the book, the institutional design has worked to over-represent the demands of elderly generations and local interest groups and to expand these expenditures. Rigorous theoretical and numerical analyses reported throughout the book consequently provide readers with insights into incentive designs and institutional reforms necessary for fiscal consolidation, also presenting points of view for public policy and public debate.
The Public Sector in Japan
The Public Sector in Japan - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Public Sector in Japan write by Toshihiro Ihori. This book was released on 2009. The Public Sector in Japan available in PDF, EPUB and Kindle. This book presents a comprehensive, theory-based analysis of Japan's public sector. Particular emphasis is directed at developing tools that can be applied to theoretically and empirically clarify essential economic concerns in Japan's public sector. These include macroeconomic incidence of fiscal decentralization, dependence on government bonds for covering financial deficits, and social security reform. In analyzing Japan's underperforming public sector, the authors develop and recommend policy solutions aimed at achieving Japan's growth potential, improving the quality of the public sector, and strengthening the sector's contribution to the Japanese economy.
