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Fiscal Consolidation and Sustainability of Japan's Public Debt after the Global Financial Crisis
http://hdl.handle.net/10069/39695
http://hdl.handle.net/10069/396954f9d1620-6f29-412d-9fce-8370d9ee2a74
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
Keizai99_183.pdf (527.4 kB)
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| Item type | 紀要論文 / Departmental Bulletin Paper(1) | |||||
|---|---|---|---|---|---|---|
| 公開日 | 2020-03-06 | |||||
| タイトル | ||||||
| タイトル | Fiscal Consolidation and Sustainability of Japan's Public Debt after the Global Financial Crisis | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Public debt | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | fiscal deficit | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Sustainability of the public debt | |||||
| 資源タイプ | ||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_6501 | |||||
| 資源タイプ | departmental bulletin paper | |||||
| 著者 |
Kudo, Takeshi
× Kudo, Takeshi |
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| 著者別名 | ||||||
| 識別子Scheme | WEKO | |||||
| 識別子 | 2784 | |||||
| 姓名 | 工藤, 健 | |||||
| 抄録 | ||||||
| 内容記述タイプ | Abstract | |||||
| 内容記述 | After the 2008 global financial crisis, the sustainability of public indebtedness has become a central public policy issue in the United States, Europe, and Japan. In the United States especially, the public debt ceiling has become a continuing source of concern and political dispute. This paper employs Japanese Long-term Economic Statistics (LTES) to investigate the sustainability of Japan's public debt and changes in fiscal discipline after the 2008 global financial crisis.First, results of the unit-root test show that the level of Japan's public debt has become unsustainable after the crisis. Second, the 2008 global financial crisis has destroyed Japan's fiscal discipline, which had been relatively strong before the crisis. Third, fiscal discipline was strong between the Russo?Japanese War and World War I and for several decades following World War II. It was relatively strong during the fiscal consolidation period in the latter 1980s. We thus conclude that post-war fiscal discipline in Japan resembled the pre-war period despite the absence of military expenses after World War II. Although fiscal consolidation could reduce public debt to some degree, the level of public debt in 2017 might generate high inflation in the future, as it did after World Wars I and II. | |||||
| 内容記述 | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | 松本睦樹教授定年退職記念号 | |||||
| 内容記述 | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | In Honour of Prof. Mutuki Matumoto | |||||
| 書誌情報 |
経営と経済 en : 經營と經濟 巻 99, 号 1-4, p. 183-201, 発行日 2020-02-25 |
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| ISSN | ||||||
| 収録物識別子タイプ | ISSN | |||||
| 収録物識別子 | 02869101 | |||||
| 書誌レコードID | ||||||
| 収録物識別子タイプ | NCID | |||||
| 収録物識別子 | AN00069150 | |||||
| 著者版フラグ | ||||||
| 出版タイプ | VoR | |||||
| 出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |||||
| 出版者 | ||||||
| 出版者 | 長崎大学経済学会 | |||||
| 出版者別言語 | ||||||
| 値 | Economics Society of Nagasaki University | |||||
| sortkey | ||||||
| 値 | 09 | |||||
| 引用 | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | 経営と経済, 99(1-4), pp.183-201; 2020 | |||||
