Japanese Fiscal Reform: Fiscal Reconstruction and Fiscal Policy

Toshihiro Ihori, Takero Doi and Hiroki Kondo
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Toshihiro Ihori: Faculty of Economics, University of Tokyo
Hiroki Kondo: Department of Economics, Shinshu University

No CIRJE-F-83, CIRJE F-Series from CIRJE, Faculty of Economics, University of Tokyo

Abstract: This paper evaluates the recent movement of Japanese fiscal reform. We first summarize fiscal policy in 1990s. Then, we investigate several relevant topics of fiscal policy such as the macroeconomic impact of government debt and the ustainability problem. We then consider dynamic properties of fiscal reconstruction process by analyzing the dynamic game among various interest groups. This paper points out that the long-run structural reform is more important than the short-run Keynesian policy in Japan.

Pages: 37 pages
Date: 2000-07
New Economics Papers: this item is included in nep-pub
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Citations: View citations in EconPapers (1)

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Journal Article: Japanese fiscal reform: fiscal reconstruction and fiscal policy (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:tky:fseres:2000cf83

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