Tackling Japan S Fiscal Challenges

Author : Keimei Kaizuka,Anne O. Krueger
Publisher : Springer
Page : 238 pages
File Size : 47,5 Mb
Release : 2006-07-04
Category : Business & Economics
ISBN : 9781137001566

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Tackling Japan’s Fiscal Challenges by Keimei Kaizuka,Anne O. Krueger Pdf

This book examines how Japan should cope with fiscal challenges, as demands on the budget from an ageing society have necessitated the reigning in of public debt and the revamp of the pension and healthcare systems. It combines insights from academic research with the views of policymakers to distil key issues that need to inform public debate.

Author : K. Okamura
Publisher : International Monetary Fund
Page : 30 pages
File Size : 46,8 Mb
Release : 1996-10-01
Category : Business & Economics
ISBN : 9781451853674

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Japan's Medium by K. Okamura Pdf

This paper assesses the sustainability of Japan’s fiscal position. The simulations indicate that, even if the government’s pension reform plan is fully implemented, the initial budget imbalance, combined with pressures from population aging, would lead to explosive increases in government deficits and debt. Present-value calculations point to a fiscal “gap” of about 4 percent of GDP, indicating the combination of tax increases and/or spending cuts that would be required to generate a sustainable long-run fiscal position. Finally, the paper presents an illustrative package of tax and spending measures that could be implemented to close this gap.

Author : Toshihiro Ihori,Kimiko Terai
Publisher : Springer
Page : 202 pages
File Size : 50,9 Mb
Release : 2014-11-21
Category : Business & Economics
ISBN : 9784431551270

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The Political Economy of Fiscal Consolidation in Japan by Toshihiro Ihori,Kimiko Terai Pdf

This book investigates the reasons for persistent public deficits and delayed fiscal reform in Japan, placing a special emphasis on political economy aspects. Japan is confronted with the need to pursue fiscal discipline for fiscal consolidation and implement structural reforms for reorganizing fiscal expenditures. Focusing on particular policy fields including social security, female labor supply, public works, and intergovernmental transfer schemes, the book clarifies economic and political elements that have hindered effective steps toward these two goals. Facing population aging and a business downturn, the Japanese government was urged to increase social security expenditures and the budget for Keynesian stimulus policies. As elucidated in the book, the institutional design has worked to over-represent the demands of elderly generations and local interest groups and to expand these expenditures. Rigorous theoretical and numerical analyses reported throughout the book consequently provide readers with insights into incentive designs and institutional reforms necessary for fiscal consolidation, also presenting points of view for public policy and public debate.

Author : Otaviano Canuto,Swati Ghosh
Publisher : World Bank Publications
Page : 307 pages
File Size : 48,8 Mb
Release : 2013-10-29
Category : Business & Economics
ISBN : 9781464800030

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Dealing with the Challenges of Macro Financial Linkages in Emerging Markets by Otaviano Canuto,Swati Ghosh Pdf

This book deals with the challenges of macro financial linkages in the emerging markets.

Author : Sarah Tenney,Norman K. Humphreys
Publisher : Scarecrow Press
Page : 409 pages
File Size : 50,6 Mb
Release : 2011-05-01
Category : Business & Economics
ISBN : 9780810875319

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Historical Dictionary of the International Monetary Fund by Sarah Tenney,Norman K. Humphreys Pdf

In its more than 65 years of existence, the International Monetary Fund has evolved from a small, obscure international agency, with new and uncertain responsibilities, into a powerful institution that today has assumed center stage in the international monetary system. It is a remarkable story of how an institution has developed and adapted itself to an evolving world and a changing membership in ways that perhaps no other international agency has been forced or able to do. The third edition of the Historical Dictionary of the International Monetary Fund provides a comprehensive overview of the fund, including a chronology, an introductory essay, appendixes, a bibliography, and over 300 cross-referenced dictionary entries on the organizations, significant leaders, founders, and members. This book is an excellent access point for students, researchers, and anyone wanting to know more about the International Monetary Fund.

Author : Ruud A. de Mooij,Ikuo Saito
Publisher : International Monetary Fund
Page : 44 pages
File Size : 45,7 Mb
Release : 2014-08-04
Category : Business & Economics
ISBN : 9781498300094

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Japan’s Corporate Income Tax by Ruud A. de Mooij,Ikuo Saito Pdf

This paper explores how corporate income tax reform can help Japan increase investment and boost potential growth. Using international and Japan-specific empirical estimates of corporate tax elasticities, investment is predicted to expand by around 0.4 percent for each point of rate reduction. International consensus estimates suggest further that between 10 and 30 percent of the static revenue loss could be recovered in the long run through dynamic scoring, although Japan’s offset may be closer to the lower bound. Compensating fiscal measures are necessary in light of Japan’s tight fiscal constraints. The scope for base broadening in the corporate income tax is found to be limited and some forms of base broadening will undo positive investment effects of a rate cut. Alternative revenue sources include higher consumption and property taxes. A gradual approach toward lowering tax rates mitigates windfall gains and reduces short-run revenue costs. An incremental allowance-for-corporate-equity system could boost investment with limited fiscal costs in the short run.

Author : Mr.Daniel Leigh,Mr.Andrea Pescatori,Mr.Jaime Guajardo
Publisher : International Monetary Fund
Page : 41 pages
File Size : 41,7 Mb
Release : 2011-07-01
Category : Business & Economics
ISBN : 9781455294695

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Expansionary Austerity New International Evidence by Mr.Daniel Leigh,Mr.Andrea Pescatori,Mr.Jaime Guajardo Pdf

This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Using this new dataset, our estimates suggest fiscal consolidation has contractionary effects on private domestic demand and GDP. By contrast, estimates based on conventional measures of the fiscal policy stance used in the literature support the expansionary fiscal contractions hypothesis but appear to be biased toward overstating expansionary effects.

Author : Anonim
Publisher : Unknown
Page : 180 pages
File Size : 51,6 Mb
Release : 2011
Category : Finance
ISBN : WISC:89115431421

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Monetary and Economic Studies by Anonim Pdf

Author : Toshihiro Ihori,Takerō Doi
Publisher : Edward Elgar Publishing
Page : 346 pages
File Size : 42,5 Mb
Release : 2009
Category : Business & Economics
ISBN : STANFORD:36105132261525

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The Public Sector in Japan by Toshihiro Ihori,Takerō Doi Pdf

This book presents a comprehensive, theory-based analysis of Japan's public sector. Particular emphasis is directed at developing tools that can be applied to theoretically and empirically clarify essential economic concerns in Japan's public sector. These include macroeconomic incidence of fiscal decentralization, dependence on government bonds for covering financial deficits, and social security reform. In analyzing Japan's underperforming public sector, the authors develop and recommend policy solutions aimed at achieving Japan's growth potential, improving the quality of the public sector, and strengthening the sector's contribution to the Japanese economy.

Author : United States. Congress. House. Committee on International Relations. Subcommittee on Asia and the Pacific
Publisher : Unknown
Page : 64 pages
File Size : 50,8 Mb
Release : 2005
Category : Political Science
ISBN : PURD:32754077533028

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Focus on a Changing Japan by United States. Congress. House. Committee on International Relations. Subcommittee on Asia and the Pacific Pdf

Author : Jennifer Amyx
Publisher : Princeton University Press
Page : 392 pages
File Size : 55,7 Mb
Release : 2013-10-31
Category : Political Science
ISBN : 9781400849635

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Japan's Financial Crisis by Jennifer Amyx Pdf

At the beginning of the 1990s, a massive speculative asset bubble burst in Japan, leaving the nation's banks with an enormous burden of nonperforming loans. Banking crises have become increasingly common across the globe, but what was distinctive about the Japanese case was the unusually long delay before the government intervened to aggressively address the bad debt problem. The postponed response by Japanese authorities to the nation's banking crisis has had enormous political and economic consequences for Japan as well as for the rest of the world. This book helps us understand the nature of the Japanese government's response while also providing important insights into why Japan seems unable to get its financial system back on track 13 years later. The book focuses on the role of policy networks in Japanese finance, showing with nuance and detail how Japan's Finance Ministry was embedded within the political and financial worlds, how that structure was similar to and different from that of its counterparts in other countries, and how the distinctive nature of Japan's institutional arrangements affected the capacity of the government to manage change. The book focuses in particular on two intervening variables that bring about a functional shift in the Finance Ministry's policy networks: domestic political change under coalition government and a dramatic rise in information requirements for effective regulation. As a result of change in these variables, networks that once enhanced policymaking capacity in Japanese finance became "paralyzing networks"--with disastrous results.

Author : International Monetary Fund. Communications Department
Publisher : International Monetary Fund
Page : 36 pages
File Size : 49,9 Mb
Release : 2018-04-16
Category : Electronic
ISBN : 9781484349816

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IMF Publications Catalog, Spring 2018 by International Monetary Fund. Communications Department Pdf

This paper explains the IMF eLibrary simplifies analysis and research with online access to the IMF’s periodicals, books, working papers and studies, and data and statistical tools. This full collection contains material dating back to 1946. It is a vital source of information for researchers, professionals, and students in economics, law, business, international affairs, environment and natural resource management, inclusion, gender and labor issues, and much more. Full access to the AREAER Online database is included with all eLibrary subscriptions. The Annual Report on Exchange Arrangements and Exchange Restrictions (AREAER) tracks the exchange and trade regimes of members of the International Monetary Fund. AREAER Online allows users to search policy components back to 1999. Users can track how policies have changed over time or compare rules and restrictions by country and region. Microsites help researchers and professionals who are less familiar with IMF content easily find the resources they need.

Author : International Monetary,International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 76 pages
File Size : 51,5 Mb
Release : 2022-04-06
Category : Business & Economics
ISBN : 9798400206597

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Japan: Selected Issues by International Monetary,International Monetary Fund. Asia and Pacific Dept Pdf

Japan: Selected Issues

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 64 pages
File Size : 55,7 Mb
Release : 1999-08-13
Category : Business & Economics
ISBN : 9781451820454

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Japan by International Monetary Fund Pdf

This 1999 Article IV Consultation highlights that Japanese growth has been lackluster throughout most of the 1990s. Since the asset price bubble burst in 1991, the economy has grown at an average of 1 percent per year, in striking contrast to the rapid growth achieved in previous decades. A series of fiscal stimulus packages raised the structural general government deficit by more than 5 percentage points of GDP between FY1991 and FY1998, while monetary policy has progressively eased.

Author : Barry J. Eichengreen,Pog-yŏng Pak
Publisher : World Scientific
Page : 230 pages
File Size : 44,8 Mb
Release : 2012
Category : Business & Economics
ISBN : 9789814383035

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The World Economy After the Global Crisis by Barry J. Eichengreen,Pog-yŏng Pak Pdf

The global credit crisis of 2008 2009 was the most serious shock to the world economy in fully 80 years. It was for the world as a whole what the Asian crisis of 1997 1998 was for emerging markets: a profoundly alarming wake-up call. By laying bare the fragility of global markets, it raised troubling questions about the operation of our deeply integrated world economy. It cast doubt on the efficacy of the dominant mode of light-touch financial regulation and more generally on the efficacy of the prevailing commitment to economic and financial liberalization. It challenged the managerial capacity of inherited institutions of global governance. And it augured a changing of the guard, pointing to the possibility that the economies that had been the leaders in the "global growth stakes" in the past might no longer be the leaders in the future. What the crisis means for reform, however, is still unclear. This book brings together leading scholars and policy analysts to describe and weigh the options. Successive chapters assess options for the global financial system, the global trading system, the international monetary system, and the Group of 20 and global governance. A final set of chapters contemplates the policy challenges for emerging markets and the advanced economies in the wake of the financial crisis.