Japanese Fiscal Reform: Fiscal Reconstruction and Fiscal Policy

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Japanese Fiscal Reform: Fiscal Reconstruction and Fiscal Policy

Author Info

Toshihiro Ihori (Faculty of Economics, University of Tokyo)
Takero Doi (Faculty of Economics, Keio University)
Hiroki Kondo (Department of Economics, Shinshu University)

Additional information is available for the following registered author(s):

Takero Doi

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 ustainability 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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Paper provided by CIRJE, Faculty of Economics, University of Tokyo in its series CIRJE F-Series with number CIRJE-F-83.

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Length: 37 pages
Date of creation: Jul 2000
Date of revision:
Handle: RePEc:tky:fseres:2000cf83

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Article
- Ihori, Toshihiro & Doi, Takero & Kondo, Hiroki, 2001. "Japanese fiscal reform: fiscal reconstruction and fiscal policy," Japan and the World Economy, Elsevier, vol. 13(4), pages 351-370, December. [Downloadable!] (restricted)

This paper has been announced in the following NEP Reports:

NEP-ALL-2000-08-07 (All new papers)
NEP-PUB-2000-08-07 (Public Finance)

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

Andres Velasco, 1997. "A Model of Endogenous Fiscal Deficits and Delayed Fiscal Reforms," NBER Working Papers 6336, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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Owoye, Oluwole, 1995. "The Causal Relationship between Taxes and Expenditures in the G7 Countries: Cointegration and Error-Correction Models," Applied Economics Letters, Taylor and Francis Journals, vol. 2(1), pages 19-22, January. [Downloadable!] (restricted)
Alesina, A. & Drazen, A., 1991. "Why Are Stabilizations Delayed?," Papers 6-91, Tel Aviv - the Sackler Institute of Economic Studies.
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- Alberto Alesina & Allan Drazen, 1989. "Why are Stabilizations Delayed?," NBER Working Papers 3053, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
- Alesina, Alberto & Drazen, Allan, 1991. "Why Are Stabilizations Delayed?," American Economic Review, American Economic Association, vol. 81(5), pages 1170-88, December. [Downloadable!] (restricted)
Barro, Robert J, 1974. "Are Government Bonds Net Wealth?," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1095-1117, Nov.-Dec.. [Downloadable!] (restricted)
Henning Bohn, 1998. "The Behavior Of U.S. Public Debt And Deficits," The Quarterly Journal of Economics, MIT Press, vol. 113(3), pages 949-963, August. [Downloadable!] (restricted)
Pantula, Sastry G & Gonzalez-Farias, Graciela & Fuller, Wayne A, 1994. "A Comparison of Unit-Root Test Criteria," Journal of Business & Economic Statistics, American Statistical Association, vol. 12(4), pages 449-59, October.
Gary S. Becker & Casey B. Mulligan, 1998. "Deadweight Costs and the Size of Government," NBER Working Papers 6789, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
Other versions:
- Gary S. Becker & Casey B. Mulligan, 1998. "Deadweight Costs and the Size of Government," University of Chicago - George G. Stigler Center for Study of Economy and State 144, Chicago - Center for Study of Economy and State. [Downloadable!]
- Becker, Gary S & Mulligan, Casey B, 2003. "Deadweight Costs and the Size of Government," Journal of Law & Economics, University of Chicago Press, vol. 46(2), pages 293-340, October.
Douglas Holtz-Eakin & Whitney K. Newey & Harvey S. Rosen, 1989. "The Revenues-Expenditures Nexus: Evidence from Local Government Data," NBER Working Papers 2180, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
Other versions:
- Holtz-Eakin, Douglas & Newey, Whitney & Rosen, Harvey S, 1989. "The Revenues-Expenditures Nexus: Evidence from Local Government Data," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 30(2), pages 415-29, May. [Downloadable!] (restricted)

Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

Toshihiro Ihori & Hiroki Kondo, 2000. "Efficiency of Disaggregate Public Capital Provision in Japan," CIRJE F-Series CIRJE-F-75, CIRJE, Faculty of Economics, University of Tokyo. [Downloadable!]
Toshihiro Ihori & Atsushi Nakamoto, 2005. "Japan's fiscal policy and fiscal reconstruction," International Economics and Economic Policy, Springer, vol. 2(2), pages 153-172, November. [Downloadable!] (restricted)
Toshihiro Ihori, 2006. "Fiscal policy and fiscal reconstruction in Japan," International Tax and Public Finance, Springer, vol. 13(4), pages 489-508, August. [Downloadable!] (restricted)
Takero Doi & Toshihiro Ihori, 2006. "Soft-Budget Constraints and Local Expenditures," CIRJE F-Series CIRJE-F-422, CIRJE, Faculty of Economics, University of Tokyo. [Downloadable!]
Masato Shizume, 2007. "Sustainability of Public Debt: Evidence from Pre-World War II Japan," Discussion Paper Series 201, Research Institute for Economics & Business Administration, Kobe University. [Downloadable!]
Keigo Kameda & Masao Nakata, 2005. "Public Debt and the Macroeconomic Stability of Japan," Macroeconomics Working Papers 481, East Asian Bureau of Economic Research. [Downloadable!]
Toshihiro Ihori & Atsushi Nakamoto, 2005. "Japan's Fiscal Policy and Fiscal Reconstruction," Hi-Stat Discussion Paper Series d05-99, Institute of Economic Research, Hitotsubashi University. [Downloadable!]

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