01308nam0 22003133i 450 VAN010790420230615022434.675978-33-19-12894-8N978-3-319-12895-520170215d2015 |0itac50 baengCH|||| |||||Advances in Personalized Web-Based EducationKonstantina Chrysafiadi, Maria VirvouChamSpringer2015xvii, 156 p.24 cm001VAN01077792001 Intelligent Systems Reference Library210 ChamSpringer2009-78CHChamVANL001889ChrysafiadiKonstantinaVANV083268720959VirvouMariaVANV083269720958Springer <editore>VANV108073650ITSOL20240614RICAhttps://link.springer.com/book/10.1007/978-3-319-12895-5E-book – Accesso al full-text attraverso riconoscimento IP di Ateneo, proxy e/o ShibbolethBIBLIOTECA CENTRO DI SERVIZIO SBAVAN15NVAN0107904BIBLIOTECA CENTRO DI SERVIZIO SBA15CONS SBA EBOOK 593 15EB 593 20170215 Advances in Personalized Web-Based Education1413022UNICAMPANIA03386nam 22005775 450 991084759470332120250807145421.09789819704156(ebook)10.1007/978-981-97-0415-6(CKB)31403785600041(MiAaPQ)EBC31267350(Au-PeEL)EBL31267350(DE-He213)978-981-97-0415-6(EXLCZ)993140378560004120240409d2024 u| 0engur|||||||||||txtrdacontentcrdamediacrrdacarrierDeflation and Fiscal Deficits Three Questions About Japanese Economic Policy /by Yoshikiyo Sakai1st ed. 2024.Singapore :Springer Nature Singapore :Imprint: Springer,2024.1 online resource (77 pages)SpringerBriefs in Economics,2191-55129789819704149 Includes bibliographical references.Circumstances of Questions and Theoretical Background -- Timeline of Economic Policies in Japan -- Structure of Quantitative and Qualitative Monetary Easing and Joint Statement with Government -- Fiscal Theory of Price Level and Modern Monetary Theory -- Answers to Questions 1 and 2: Financial System from Viewpoints of Payment -- Answer to Question 3: Crocodile Mouth Theory vs. Blanchard Assertion -- Conclusion.In this study on the Japanese economy, the author focuses on three problems related to economic policy and presents their answers. The author analyzes (i) what mechanisms exist for fiscal policy and the price level, (ii) whether the MMT proposition that public deficits increase people’s wealth and savings fits into the standard macro model, and (iii) whether Blanchard's assertion that fiscal deficits are net wealth in the US economy can be applied to Japanese economy as well. The propositions of Sims’ FTPL, Kelton's MMT, Japan's Ricardian type argument, and the non-Ricardian type of government by Blanchard have been understood as independent economic perceptions, but they will be theoretically shown as a coherent story. Namely, this study presents a macroeconomic framework that includes the financial sector and derives Sims’ proposition that “fiscal policy can be the sole determinant of the price level.” It also shows that MMT's claim that "budget deficits increase our wealth and collective savings" can inevitably hold within this framework. Furthermore, it presents a model that consistently explains that public debt leads to financial collapse and contributes to economic welfare.SpringerBriefs in Economics,2191-5512MacroeconomicsEconomic developmentEconomic policyMacroeconomics and Monetary EconomicsEconomic GrowthEconomic PolicyMacroeconomics.Economic development.Economic policy.Macroeconomics and Monetary Economics.Economic Growth.Economic Policy.338.952Sakai Yoshikiyo1736442MiAaPQMiAaPQMiAaPQBOOK9910847594703321Deflation and Fiscal Deficits4156279UNINA