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...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Saitō, Ikuo (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, [2016]
Colección:IMF working paper ; WP/16/194.
Temas:
Ricardian Model of International Trade.
Fiscal policy > Japan.
Aging > Japan.
Debts, Public > Japan.
Politique fiscale > Japon.
Vieillissement > Japon.
Dettes publiques > Japon.
Aging
Commerce
Debts, Public
Fiscal policy
Ricardian Model of International Trade
Japan > Commerce.
Japan
Acceso en línea:Texto completo
Tabla de Contenidos:
  • 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.

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