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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|Date of creation:||1999|
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Phone: (212) 998-0100
Web page: http://w4.stern.nyu.edu/finance/
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