Strategies for fiscal consolidation in Japan /

Strategies for fiscal consolidation in Japan /

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Bibliographic Details
Author / Creator:Botman, Dennis (Dennis Petrus Johannes)
Imprint:[Washington, D.C.] : International Monetary Fund, 2007.
Description:1 online resource (22 pages) : illustrations
Language:English
Series:IMF working paper ; WP/07/37.
Subject:
Fiscal policy -- Japan -- Econometric models.
Aging -- Economic aspects -- Japan.
Debts, Public -- Japan.
Debts, Public -- Japan -- Econometric models.
Fiscal policy -- Econometric models.
Finance, Public -- Japan.
Fiscal policy -- Japan.
Aging -- Economic aspects.
Debts, Public.
Debts, Public -- Econometric models.
Economic history.
Fiscal policy -- Econometric models.
Japan -- Economic conditions -- 1989-
Japan.
Electronic books.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/13510615
Hidden Bibliographic Details
Other authors / contributors:Edison, Hali J.
N'Diaye, Papa M'B. P. (Papa M'Bagnick Paté)
International Monetary Fund. Asia and Pacific Department.
ISBN:1283512483
9781283512480
1451910541
9781451910544
9781451989342
1451989342
1462367941
9781462367948
9786613824936
6613824933
Notes:Includes bibliographical references (pages 21-22).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
Summary:Japan's key fiscal challenge is to put public finances on a more sustainable footing. This paper investigates the macroeconomic implications of alternative fiscal strategies for Japan using the IMF's Global Fiscal Model. The results suggest that: (i) an adjustment package that achieves primary balance through lower social transfers and government spending and a higher VAT is the most viable option and has a smaller negative impact on growth than other fiscal measures; (ii) achieving primary balance is not sufficient to stabilize the net debt ratio; (iii) prefunding future aging costs provides greater long-term benefits compared with less front-loaded strategies; (iv) tax reform involving shifting from corporate taxation to consumption taxation could mitigate the short-term output losses associated with fiscal consolidation; and (v) the spillovers to the rest of the world from consolidation in Japan are positive in the medium term, but modest.
Other form:Print version: Botman, Dennis (Dennis Petrus Johannes). Strategies for fiscal consolidation in Japan. [Washington, D.C.] : International Monetary Fund, 2007
Standard no.:10.5089/9781451910544.001

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100 1 |a Botman, Dennis  |q (Dennis Petrus Johannes)  |0 http://id.loc.gov/authorities/names/no2006036864 
245 1 0 |a Strategies for fiscal consolidation in Japan /  |c prepared by Dennis Botman, Hali Edison, and Papa N'Diaye. 
260 |a [Washington, D.C.] :  |b International Monetary Fund,  |c 2007. 
300 |a 1 online resource (22 pages) :  |b illustrations 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
504 |a Includes bibliographical references (pages 21-22). 
520 |a Japan's key fiscal challenge is to put public finances on a more sustainable footing. This paper investigates the macroeconomic implications of alternative fiscal strategies for Japan using the IMF's Global Fiscal Model. The results suggest that: (i) an adjustment package that achieves primary balance through lower social transfers and government spending and a higher VAT is the most viable option and has a smaller negative impact on growth than other fiscal measures; (ii) achieving primary balance is not sufficient to stabilize the net debt ratio; (iii) prefunding future aging costs provides greater long-term benefits compared with less front-loaded strategies; (iv) tax reform involving shifting from corporate taxation to consumption taxation could mitigate the short-term output losses associated with fiscal consolidation; and (v) the spillovers to the rest of the world from consolidation in Japan are positive in the medium term, but modest. 
506 |3 Use copy  |f Restrictions unspecified  |2 star  |5 MiAaHDL 
533 |a Electronic reproduction.  |b [Place of publication not identified] :  |c HathiTrust Digital Library,  |d 2010.  |5 MiAaHDL 
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588 0 |a Print version record. 
505 0 |a I. Introduction; II. Analytical Framework; III. Alternative Fiscal Adjustment Strategies; A. Composition of Fiscal Adjustment; B. Size, Pace, and Timing of Adjustment; IV. Tax Reform; V. Sensitivity Analysis; VI. Conclusion; References; Tables ; 1. Key Macroeconomic Variables in the Initial Steady State; 2. Behavioral Assumptions and Key Parameters in the Initial Steady State; Appendixx; Summary of the IMF's Global Fiscal Model. 
546 |a English. 
650 0 |a Fiscal policy  |z Japan  |x Econometric models. 
650 0 |a Aging  |x Economic aspects  |z Japan. 
650 0 |a Debts, Public  |z Japan. 
650 0 |a Debts, Public  |z Japan  |x Econometric models. 
650 0 |a Fiscal policy  |x Econometric models. 
651 0 |a Japan  |x Economic conditions  |y 1989-  |0 http://id.loc.gov/authorities/subjects/sh90003616 
650 0 |a Finance, Public  |z Japan. 
650 0 |a Fiscal policy  |z Japan. 
650 6 |a Finances publiques  |z Japon. 
650 6 |a Politique fiscale  |z Japon. 
650 6 |a Politique fiscale  |z Japon  |x Modèles économétriques. 
650 6 |a Vieillissement  |x Aspect économique  |z Japon. 
650 6 |a Dettes publiques  |z Japon. 
650 6 |a Dettes publiques  |z Japon  |x Modèles économétriques. 
650 6 |a Politique fiscale  |x Modèles économétriques. 
651 6 |a Japon  |x Conditions économiques  |y 1989- 
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650 7 |a Debts, Public.  |2 fast  |0 (OCoLC)fst00888850 
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650 7 |a Fiscal policy  |x Econometric models.  |2 fast  |0 (OCoLC)fst00925810 
651 7 |a Japan.  |2 fast  |0 (OCoLC)fst01204082 
648 7 |a Since 1989  |2 fast 
655 0 |a Electronic books. 
655 4 |a Electronic books. 
700 1 |a Edison, Hali J. 
700 1 |a N'Diaye, Papa M'B. P.  |q (Papa M'Bagnick Paté)  |0 http://id.loc.gov/authorities/names/no2005036380 
710 2 |a International Monetary Fund.  |b Asia and Pacific Department.  |0 http://id.loc.gov/authorities/names/no97006778 
776 0 8 |i Print version:  |a Botman, Dennis (Dennis Petrus Johannes).  |t Strategies for fiscal consolidation in Japan.  |d [Washington, D.C.] : International Monetary Fund, 2007  |w (OCoLC)140303877 
830 0 |a IMF working paper ;  |v WP/07/37.  |0 http://id.loc.gov/authorities/names/no89010263 
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