04479oam 22012614 450 991013670060332120230808200023.01-4755-4173-2(CKB)3710000000907171(MiAaPQ)EBC4723303(IMF)WPIEA2016194(EXLCZ)99371000000090717120020129d2016 uf 0engurcnu||||||||rdacontentrdamediardacarrierFading Ricardian Equivalence in Ageing Japan /Ikuo SaitoWashington, D.C. :International Monetary Fund,2016.1 online resource (19 pages)IMF Working Papers1-4755-4178-3 1-4755-4164-3 Includes bibliographical references.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.IMF Working Papers; Working Paper ;No. 2016/194Ricardian Model of International TradeFiscal policyJapanFinance: GeneralimfPublic FinanceimfTaxationimfDemographyimfMacroeconomics: ConsumptionimfSavingimfWealthimfFiscal PolicyimfFiscal Policies and Behavior of Economic Agents: HouseholdimfDebtimfDebt ManagementimfSovereign DebtimfPortfolio ChoiceimfInvestment DecisionsimfBusiness Taxes and SubsidiesimfEconomics of the ElderlyimfEconomics of the HandicappedimfNon-labor Market DiscriminationimfPublic finance & taxationimfFinanceimfMacroeconomicsimfPopulation & demographyimfLiquidityimfConsumption taxesimfFiscal policyimfPublic debtimfAgingimfTaxesimfAsset and liability managementimfPopulation and demographicsimfEconomicsimfSpendings taximfDebts, PublicimfPopulation agingimfJapanCommerceJapanimfRicardian Model of International Trade.Fiscal policyFinance: GeneralPublic FinanceTaxationDemographyMacroeconomics: ConsumptionSavingWealthFiscal PolicyFiscal Policies and Behavior of Economic Agents: HouseholdDebtDebt ManagementSovereign DebtPortfolio ChoiceInvestment DecisionsBusiness Taxes and SubsidiesEconomics of the ElderlyEconomics of the HandicappedNon-labor Market DiscriminationPublic finance & taxationFinanceMacroeconomicsPopulation & demographyLiquidityConsumption taxesFiscal policyPublic debtAgingTaxesAsset and liability managementPopulation and demographicsEconomicsSpendings taxDebts, PublicPopulation aging382.0952Saito Ikuo1377058DcWaIMFBOOK9910136700603321Fading Ricardian equivalence in ageing Japan3413575UNINA