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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Fournier, Jean-Marc.
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|a The Fiscal Stance in Japan :
|b A Model-based Analysis /
|c Jean-Marc Fournier, Takuma Hisanaga, Anh Nguyen.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2022.
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|a 1 online resource (22 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper assesses Japan's fiscal stance in the past and the future with a stochastic structural model called the Buffer-Stock Model of the Government. Our retrospective analysis suggests that the fiscal stance in the 1990s and the early 2000s was overall looser than the model recommendations. As for the future, the model advises the near-term fiscal policy to be supportive with a view to narrowing the output gap and minimizing hysteresis, while recommending a fiscal consolidation over the medium-term at a gradual pace.
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|a Mode of access: Internet
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|a Business Fluctuations
|2 imf
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|a Cycles
|2 imf
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|a Macroeconomic Policy, Macroeconomic Aspects of Public Finance
|2 imf
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|a National Deficit Surplus
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|a Hisanaga, Takuma.
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|a Nguyen, Anh.
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|a IMF Working Papers; Working Paper ;
|v No. 2022/164
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|z Full text available on IMF
|u https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2022&issue=164
|z IMF e-Library
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