Regional Income Disparity and Fiscal-Monetary Policy: An Interregional Macroeconomic Model of Japan

Masahisa Fujita and Shuetsu Takahashi

The Annals of Regional Science, 1992, vol. 26, issue 3, 56 pages

Abstract: In this paper, first the authors present an interregional macroeconomic model of Japanese economy. Then, using the model, they examine how macro-stabilization policies affect regional income disparities. They show that according to their model, the regional income disparity becomes smaller both in the case of recession combined with balance of payments surplus under a fixed exchange rate regime, and in the case of recession combined with a strong Japanese Yen under a flexible exchange rate regime. Conversely, it becomes larger both in the case of expansion combined with balance of payments deficit under a fixed exchange rate regime, and in the case of expansion combined with a weak Japanese Yen under a flexible exchange rate regime. They also show that the results of their analyses are consistent with Japanese experiences during the last three decades.

Date: 1992
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:anresc:v:26:y:1992:i:3:p:231-56

Ordering information: This journal article can be ordered from
http://link.springer.com/journal/168

Access Statistics for this article

The Annals of Regional Science is currently edited by Martin Andersson, E. Kim and Janet E. Kohlhase

More articles in The Annals of Regional Science from Springer, Western Regional Science Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().