Fiscal Stimulus Effectiveness in Japan: Evidence from Recent Policies

Tomomi Miyazaki

No 1508, Discussion Papers from Graduate School of Economics, Kobe University

Abstract: This paper examines the effects of Japanese fiscal policy after the 2008 global financial crisis using a mixed vector autoregression/event study approach. We focus on the effects of stimulus packages with environmental benefits. The empirical results show that a tax break and subsidy program designed to promote the adoption of eco-friendly cars helped stimulate automobile production, while a similar program intended to promote the purchase of energy-efficient appliances had no effect on appliance production.

Keywords: Fiscal policy effectiveness in Japan; Environmental stimulus package; Eco Subsidy (search for similar items in EconPapers)
JEL-codes: E23 E62 H30 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2015-02
New Economics Papers: this item is included in nep-ene, nep-env and nep-mac
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Citations: View citations in EconPapers (2)

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