|
|
|
|
| LEADER |
02065cas a2200265 a 4500 |
| 001 |
AALejournalIMF009226 |
| 008 |
230101c9999 xx r poo 0 0eng d |
| 020 |
|
|
|c 5.00 USD
|
| 020 |
|
|
|z 9781451866018
|
| 022 |
|
|
|a 1018-5941
|
| 040 |
|
|
|a BD-DhAAL
|c BD-DhAAL
|
| 100 |
1 |
|
|a Botman, Dennis.
|
| 245 |
1 |
0 |
|a Strategies for Fiscal Consolidation in Japan /
|c Dennis Botman, Papa N'Diaye, Hali Edison.
|
| 264 |
|
1 |
|a Washington, D.C. :
|b International Monetary Fund,
|c 2007.
|
| 300 |
|
|
|a 1 online resource (22 pages)
|
| 490 |
1 |
|
|a IMF Working Papers
|
| 500 |
|
|
|a <strong>Off-Campus Access:</strong> No User ID or Password Required
|
| 500 |
|
|
|a <strong>On-Campus Access:</strong> No User ID or Password Required
|
| 506 |
|
|
|a Electronic access restricted to authorized BRAC University faculty, staff and students
|
| 520 |
3 |
|
|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.
|
| 538 |
|
|
|a Mode of access: Internet
|
| 700 |
1 |
|
|a Edison, Hali.
|
| 700 |
1 |
|
|a N'Diaye, Papa.
|
| 830 |
|
0 |
|a IMF Working Papers; Working Paper ;
|v No. 2007/037
|
| 856 |
4 |
0 |
|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2007/037/001.2007.issue-037-en.xml
|z IMF e-Library
|