Miyazaki, Tomomi - In: Japan and the World Economy 22 (2010) 2, pp. 80-87
This paper examines the effects of Japanese fiscal policy during the 1990s. A mixed vector autoregression (VAR)/event … in the late 1990s were inadequate for stimulating the macroeconomy in terms of the size and persistence of their policy … effects. The second finding is that the permanent tax cuts implemented in the former part of the 1990s increased consumer …