The Resource The political economy of fiscal consolidation in Japan, Toshihiro Ihori, Kimiko Terai, editors

The political economy of fiscal consolidation in Japan, Toshihiro Ihori, Kimiko Terai, editors

Label
The political economy of fiscal consolidation in Japan
Title
The political economy of fiscal consolidation in Japan
Statement of responsibility
Toshihiro Ihori, Kimiko Terai, editors
Contributor
Editor
Subject
Genre
Language
eng
Summary
This 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
Member of
Cataloging source
N$T
Dewey number
336.3436
Illustrations
illustrations
Index
index present
LC call number
HJ192.5
LC item number
.P65 2015eb
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorDate
1952-
http://library.link/vocab/relatedWorkOrContributorName
  • Ihori, Toshihiro
  • Terai, Kimiko
Series statement
Advances in Japanese business and economics
Series volume
8
http://library.link/vocab/subjectName
  • Fiscal policy
  • Economic stabilization
  • Debts, External
  • BUSINESS & ECONOMICS
  • Debts, External
  • Economic stabilization
  • Fiscal policy
  • Japan
  • Economics
  • Public Economics
  • Public Administration
  • Wealth Management/Pension Planning
  • Public administration
  • Finance
  • Public finance
Label
The political economy of fiscal consolidation in Japan, Toshihiro Ihori, Kimiko Terai, editors
Link
https://ezproxy.lib.ou.edu/login?url=http://link.springer.com/10.1007/978-4-431-55127-0
Instantiates
Publication
Note
Includes index
Antecedent source
unknown
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
  • Preface; 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
  • 4.1 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
  • 2 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
  • Appendix2: 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
  • Chapter 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
Dimensions
unknown
Extent
1 online resource (xiii, 195 pages)
File format
unknown
Form of item
online
Isbn
9784431551270
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
c
Note
SpringerLink
Other control number
10.1007/978-4-431-55127-0
Other physical details
illustrations (some color).
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
  • (OCoLC)896824961
  • (OCoLC)ocn896824961
Label
The political economy of fiscal consolidation in Japan, Toshihiro Ihori, Kimiko Terai, editors
Link
https://ezproxy.lib.ou.edu/login?url=http://link.springer.com/10.1007/978-4-431-55127-0
Publication
Note
Includes index
Antecedent source
unknown
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
  • Preface; 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
  • 4.1 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
  • 2 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
  • Appendix2: 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
  • Chapter 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
Dimensions
unknown
Extent
1 online resource (xiii, 195 pages)
File format
unknown
Form of item
online
Isbn
9784431551270
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
c
Note
SpringerLink
Other control number
10.1007/978-4-431-55127-0
Other physical details
illustrations (some color).
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
  • (OCoLC)896824961
  • (OCoLC)ocn896824961

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