The Role of Fiscal Policy in Japan: a Quantitative Study
We analyze the role of fiscal policy in the recent slowdown in Japan. A dynamic general equilibrium model is developed in which fiscal policy can have both expansionary effects (through increasing returns) and contractionary effects (through the increase of public debt and tax burden).
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| Length: | 28 pages |
| Date of creation: | 1999 |
| Date of revision: | |
| Handle: | RePEc:fth:nystfi:99-16 |
| Contact details of provider: | Postal: U.S.A.; New York University, Leonard N. Stern School of Business, Department of Economics . 44 West 4th Street. New York, New York 10012-1126 Phone: (212) 998-0100 Web page: http://w4.stern.nyu.edu/finance/ More information through EDIRC
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References listed on IDEAS
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