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000724528 019__ $$a908086718
000724528 020__ $$a9784431551270$$qelectronic book
000724528 020__ $$a4431551271$$qelectronic book
000724528 0247_ $$a10.1007/978-4-431-55127-0$$2doi
000724528 035__ $$aSP(OCoLC)ocn896824961
000724528 035__ $$aSP(OCoLC)896824961$$z(OCoLC)908086718
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000724528 049__ $$aISEA
000724528 050_4 $$aHJ192.5
000724528 08204 $$a336.3436$$223
000724528 24504 $$aThe political economy of fiscal consolidation in Japan$$h[electronic resource] / Toshihiro Ihori, Kimiko Terai, editors.
000724528 264_1 $$aTokyo :$$bSpringer,$$c[2015]
000724528 300__ $$a1 online resource (xiii, 195 pages) :$$billustrations (some color).
000724528 336__ $$atext$$btxt$$2rdacontent
000724528 337__ $$acomputer$$bc$$2rdamedia
000724528 338__ $$aonline resource$$bcr$$2rdacarrier
000724528 4901_ $$aAdvances in Japanese business and economics ;$$v8
000724528 500__ $$aIncludes index.
000724528 5050_ $$aPreface; Contents; Contributors; About the Editors; Part I: Comprehensive Views of Japan's Fiscal Policy; Chapter 1: Fiscal Consolidation in the Political Economy of Japan; 1 Introduction; 2 Japanś Fiscal Policy and Fiscal Situation; 2.1 Japanś Fiscal Policy in 1990s; 2.2 Fiscal Policy in the 2000s; 2.3 Efficacy of Counter-Cyclical Measures; 2.4 Needs of Fiscal Consolidation; 3 Counter-Cyclical Macro Policy; 3.1 Ordinary Fluctuations and Serious Crises; 3.2 Explanations of Delay; 3.3 Political Efforts and Micro Fiscal Policy; 4 Pro-Cyclical Policy and Macroeconomic Situation
000724528 5058_ $$a4.1 Debt Ceiling4.2 Theoretical Analysis in a Political Economy; 4.3 Second-Best Outcome; 4.3.1 Political Efforts by Two Generations in the Second Stage; 4.3.2 Debt Ceiling by the Government in the First Stage; 4.4 Income Fluctuations and Deficit Ceiling; 4.4.1 Wage Fluctuation; 4.4.2 Tax Revenue Fluctuation; 4.5 Policy Implications; 5 Consolidation Policy; 5.1 Reform of Intergovernmental Financing; 5.2 Commitment in a Political Economy; 5 Conclusion; Comment Paper to Chapter 1; References; Chapter 2: The Political Economy of Social Security Funding: Why Social VAT Reform?; 1 Introduction
000724528 5058_ $$a2 The Model2.1 Brief Description of the Economy; 2.2 Workers and Retirees; 2.3 Social Security System; 3 Wage Tax Financing; 3.1 Policy Preferences of Retirees; 3.2 Policy Preferences of Workers; 3.3 Voting Equilibrium; 3.4 Comparative Statics; 4 Financing by Consumption Tax; 4.1 Policy Preferences of Retirees; 4.2 Policy Preferences of Workers; 4.3 Voting Equilibrium; 4.4 Comparative Statics; 5 Political Economy of Social Security Funding; 5.1 Structure-Induced Equilibria; 5.2 Formal Presentation and Simulation; 5 Concluding Remarks; Appendix1: Proof of Proposition2
000724528 5058_ $$aAppendix2: Proof of Proposition3Appendix3: Subgame Perfection of the Equilibrium Outcomes; Comment Paper to Chapter2; References; Part II: Fiscal Problems in Japan; Chapter 3: Female Labor Supply, Social Security, and Fiscal Consolidation; 1 Introduction; 2 Background; 3 Literature; 4 Model; 4.1 The Household; 4.2 The Firm; 4.3 The Government; 4.4 Equilibrium; 5 Simulation Analysis; 5.1 Benchmark and Calibration; 5.2 Simulations; 5.2.1 Scenarios; 5.2.2 Results; 6 Discussion; 6.1 More Scenarios; 6.2 Results; Concluding Remarks; Comment Paper to Chapter3; References
000724528 5058_ $$aChapter 4: Fiscal Consolidation and Local Public Finances in Japan: Incentive Problems Associated with Intergovernmental Trans...1 Introduction; 2 Classification of Intergovernmental Transfers and Their Functions; 2.1 Classification of Intergovernmental Transfers; 2.2 Functions of Transfers; 2.2.1 Function 1: Adjustment of Fiscal Disparity; Adjustment of Vertical Disparity; Adjustment of Horizontal Disparity; 2.2.2 Function 2: Guarantee of Fiscal Resources; 2.2.3 Function 3: Improving Efficiency of Resource Allocation; 3 Intergovernmental Transfers in Japan
000724528 506__ $$aAccess limited to authorized users.
000724528 520__ $$aThis book investigates the reasons for persistent public deficits and delayed fiscal reform in Japan, placing a special emphasis on political economy aspects. Japan is confronted with the need to pursue fiscal discipline for fiscal consolidation and implement structural reforms for reorganizing fiscal expenditures. Focusing on particular policy fields including social security, female labor supply, public works, and intergovernmental transfer schemes, the book clarifies economic and political elements that have hindered effective steps toward these two goals. Facing population aging and a business downturn, the Japanese government was urged to increase social security expenditures and the budget for Keynesian stimulus policies. As elucidated in the book, the institutional design has worked to over-represent the demands of elderly generations and local interest groups and to expand these expenditures. Rigorous theoretical and numerical analyses reported throughout the book consequently provide readers with insights into incentive designs and institutional reforms necessary for fiscal consolidation, also presenting points of view for public policy and public debate.
000724528 588__ $$aOnline resource; title from PDF title page (SpringerLink, viewed January 19, 2015).
000724528 650_0 $$aFiscal policy$$zJapan.
000724528 650_0 $$aEconomic stabilization$$zJapan.
000724528 650_0 $$aDebts, External$$zJapan.
000724528 7001_ $$aIhori, Toshihiro,$$d1952-$$eeditor.
000724528 7001_ $$aTerai, Kimiko,$$eeditor.
000724528 77608 $$iPrint version:$$z9784431551263
000724528 830_0 $$aAdvances in Japanese business and economics ;$$v8.
000724528 852__ $$bebk
000724528 85640 $$3SpringerLink$$uhttps://univsouthin.idm.oclc.org/login?url=http://link.springer.com/10.1007/978-4-431-55127-0$$zOnline Access$$91397441.1
000724528 909CO $$ooai:library.usi.edu:724528$$pGLOBAL_SET
000724528 980__ $$aEBOOK
000724528 980__ $$aBIB
000724528 982__ $$aEbook
000724528 983__ $$aOnline
000724528 994__ $$a92$$bISE