Fiscal stimulus effectiveness in Japan: evidence from recent policies

Tomomi Miyazaki

Applied Economics, 2016, vol. 48, issue 27, 2506-2515

Abstract: This article 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 programme designed to promote the adoption of eco-friendly cars helped stimulate automobile production, while a similar programme intended to promote the purchase of energy-efficient appliances had no effect on appliance production.

Date: 2016
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Working Paper: Fiscal Stimulus Effectiveness in Japan: Evidence from Recent Policies (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:taf:applec:v:48:y:2016:i:27:p:2506-2515

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DOI: 10.1080/00036846.2015.1125428

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