Hidden Bibliographic Details
| Other authors / contributors: | Edison, Hali J.
N'Diaye, Papa M'B. P. (Papa M'Bagnick PateĢ)
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
|
|---|
