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Fading Ricardian Equivalence in Ageing Japan / / Ikuo Saito



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Autore: Saito Ikuo Visualizza persona
Titolo: Fading Ricardian Equivalence in Ageing Japan / / Ikuo Saito Visualizza cluster
Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2016
Descrizione fisica: 1 online resource (19 pages)
Disciplina: 382.0952
Soggetto topico: Ricardian Model of International Trade
Fiscal policy - Japan
Finance: General
Public Finance
Taxation
Demography
Macroeconomics: Consumption
Saving
Wealth
Fiscal Policy
Fiscal Policies and Behavior of Economic Agents: Household
Debt
Debt Management
Sovereign Debt
Portfolio Choice
Investment Decisions
Business Taxes and Subsidies
Economics of the Elderly
Economics of the Handicapped
Non-labor Market Discrimination
Public finance & taxation
Finance
Macroeconomics
Population & demography
Liquidity
Consumption taxes
Fiscal policy
Public debt
Aging
Taxes
Asset and liability management
Population and demographics
Economics
Spendings tax
Debts, Public
Population aging
Soggetto geografico: Japan Commerce
Japan
Nota di bibliografia: Includes bibliographical references.
Sommario/riassunto: 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.
Titolo autorizzato: Fading Ricardian equivalence in ageing Japan  Visualizza cluster
ISBN: 1-4755-4173-2
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910136700603321
Lo trovi qui: Univ. Federico II
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Serie: IMF Working Papers; Working Paper ; ; No. 2016/194