Fiscal Policy Effectiveness in Japan: Experiences from Recent Policies

Tomomi Miyazaki

No 1416, 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 so called Lehman fs fall. A mixed vector autoregression (VAR)/event study approach is used for this purpose. We especially focus on the effects of stimulus packages related to environmental-related policy. The empirical results show that the program of eco-car tax break and eco-car subsidy was useful to stimulate the production of automobile industries.

Pages: 15pages
Date: 2014-03
New Economics Papers: this item is included in nep-pbe
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