Vai al contenuto principale della pagina

Intergenerational implications of fiscal consolidation in Japan / / prepared by Kiichi Tokuoka



(Visualizza in formato marc)    (Visualizza in BIBFRAME)

Autore: Tokuoka Kiichi Visualizza persona
Titolo: Intergenerational implications of fiscal consolidation in Japan / / prepared by Kiichi Tokuoka Visualizza cluster
Pubblicazione: Washington, DC, : International Monetary Fund, 2012
Edizione: 1st ed.
Descrizione fisica: 1 online resource (26 p.)
Disciplina: 332.1/52
Soggetto topico: Fiscal policy - Japan
Intergenerational relations - Economic aspects - Japan
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 desirable to include both social security spending reforms and revenue measures in a fiscal consolidation package. The simulations also show that delaying fiscal consolidation could be costly and worsen intergenerational resource inequality.
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.: 9910808181103321
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Serie: IMF Working Papers; Working Paper ; ; No. 2012/197
Los regímenes de tipo de cambio y la estabilidad del sistema monetario internacional [[electronic resource]]
Ghosh Atish R
Reforming the governance of the IMF and the World Bank / / edited by Ariel Buira [[electronic resource]]
Spain [[electronic resource] ] : report on the observance of standards and codes (ROSCS) : summary assessments, May 2012 / / International Monetary Fund, Monetary and Capital Markets Department
Cyprus : first review under the extended arrangement under the Extended Fund Facility and request for modification of performance criteria
Uganda [[electronic resource] ] : fourth review under the policy support instrument and request for modification of assessment criteria : staff report : and press release / / [prepared by the African Dept. in consultation with other departments]