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Fading Ricardian equivalence in ageing Japan /
Japan seems to be turning less Ricardian, a trend set to continue. First, the discount wedge seems to have risen, suggesting that consumers have become more myopic. Second, some evidence points to the possibility that an increasing number of households are liquidity constrained. If these development...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
[2016]
|
| Colección: | IMF working paper ;
WP/16/194. |
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 049 | |a UAMI | ||
| 100 | 1 | |a Saitō, Ikuo, |e author. | |
| 245 | 1 | 0 | |a Fading Ricardian equivalence in ageing Japan / |c prepared by Ikuo Saito. |
| 264 | 1 | |a [Washington, D.C.] : |b International Monetary Fund, |c [2016] | |
| 264 | 4 | |c ©2016 | |
| 300 | |a 1 online resource (18 pages) : |b color illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF working paper ; |v WP/16/194 | |
| 500 | |a "September 2016." | ||
| 500 | |a At head of title: International Monetary Fund, Asia and Pacific Department. | ||
| 504 | |a Includes bibliographical references (pages 17-18). | ||
| 520 | 3 | |a Japan seems to be turning less Ricardian, a trend set to continue. First, the discount wedge seems to have risen, suggesting that consumers have become more myopic. Second, some evidence points to the possibility that an increasing number of households are liquidity constrained. If these developments continue, the impact of fiscal policy on the economy will gradually rise. While this will facilitate using fiscal policy to manage the economic cycle, it also calls for starting fiscal consolidation soon and in a gradual and steady manner, given the unsustainable public debt and the likely increasing challenges in funding the government's rising debt domestically. | |
| 588 | 0 | |a Online resource; title from pdf title page (IMF.org Web site, viewed October 18, 2016). | |
| 505 | 0 | |a Cover; Content; Abstract; I. Introduction; II. Theory and Literature on Ricardian Equivalence; III. Stylized Facts; A. Household Assets and Public Debt; B. Evidence of Liquidity Constraints from the Past Cash Transfer Program; IV. Is Japan Myopic?; V. Is Japan Liquidity Constrained?; A. Recent Developments; B. Evidence from the Public Assistance Program; VI. Policy Implications; A. Multipliers; B. Financing Japanese Government Bonds; VII. Conclusion; References. | |
| 590 | |a eBooks on EBSCOhost |b EBSCO eBook Subscription Academic Collection - Worldwide | ||
| 650 | 0 | |a Ricardian Model of International Trade. | |
| 651 | 0 | |a Japan |x Commerce. | |
| 650 | 0 | |a Fiscal policy |z Japan. | |
| 650 | 0 | |a Aging |z Japan. | |
| 650 | 0 | |a Debts, Public |z Japan. | |
| 650 | 6 | |a Politique fiscale |z Japon. | |
| 650 | 6 | |a Vieillissement |z Japon. | |
| 650 | 6 | |a Dettes publiques |z Japon. | |
| 650 | 7 | |a Aging |2 fast | |
| 650 | 7 | |a Commerce |2 fast | |
| 650 | 7 | |a Debts, Public |2 fast | |
| 650 | 7 | |a Fiscal policy |2 fast | |
| 650 | 7 | |a Ricardian Model of International Trade |2 fast | |
| 651 | 7 | |a Japan |2 fast | |
| 710 | 2 | |a International Monetary Fund, |e publisher. | |
| 710 | 2 | |a International Monetary Fund. |b Asia and Pacific Department, |e issuing body. | |
| 830 | 0 | |a IMF working paper ; |v WP/16/194. | |
| 856 | 4 | 0 | |u https://ebsco.uam.elogim.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1388122 |z Texto completo |
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