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Intergenerational implications of fiscal consolidation in Japan [[electronic resource] /] / prepared by Kiichi Tokuoka



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Autore: Tokuoka Kiichi Visualizza persona
Titolo: Intergenerational implications of fiscal consolidation in Japan [[electronic resource] /] / prepared by Kiichi Tokuoka Visualizza cluster
Pubblicazione: Washington, DC, : International Monetary Fund, 2012
Descrizione fisica: 1 online resource (26 p.)
Soggetto topico: Fiscal policy - Japan
Intergenerational relations - Economic aspects - Japan
Soggetto genere / forma: Electronic books.
Note generali: Description based upon print version of record.
Nota di bibliografia: Includes bibliographical references.
Nota di contenuto: Cover; Contents; I. Introduction; II. Simulation Analysis and Discussion; Figures; 1. Overview of Japan's Public Finances; 2. Intergenerational Resource Imbalance; 3. Macroeconomic Implications of Fiscal Consolidation; Tables; 1. Summary of Measures; 2. Two Options for Structural Fiscal Adjustment; 4. Resource Implications of Fiscal Adjustment; 5. Costs of Delaying Fiscal Adjustment; III. Other Issues; IV. Conclusions; Box; 1. Public Pension System in Japan; References; Appendix; I. Parameter Values and Key Simulation Assumptions
Sommario/riassunto: In Japan, intergenerational inequality in lifetime resources is substantial, with a heavier fiscal burden on the young than the old. Moreover, given the need for fiscal consolidation, the inequality is even worse than existing policy would suggest. However, this does not mean that fiscal consolidation would make the young worse off. Lack of fiscal consolidation would eventually increase interest rates, which would reduce output and hit young generations harder. Simulations using an overlapping generations model indicate that, from the perspective of intergenerational fairness, it would be desi
Titolo autorizzato: Intergenerational implications of fiscal consolidation in Japan  Visualizza cluster
ISBN: 1-4755-3530-9
1-4755-8843-7
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910461979603321
Lo trovi qui: Univ. Federico II
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Serie: IMF Working Papers