Mitsuhiro, FUKAO - Research Institute of Economy, Trade and Industry (RIETI) - 2014
contractionary fiscal policy. Ideally, the negative effects of a tight fiscal policy should be countered with an expansionary … performance since the collapse of the asset-price bubble in the late 1980s. Next, we make a long-term projection of Japan's fiscal … revenues under a few scenarios. After presenting a possible fiscal crisis scenario, we evaluate the effectiveness of …