This paper examines the effects of Japanese fiscal policy after the 2008 global financial crisis so called Lehmanfs fall. A mixed vector autoregression (VAR)/event study approach is used for this purpose. We especially focus on the effects of stimulus packages related to environmental-related...

This paper examines how the adoption of a fiscal rule affects the sustainability of fiscal policy in two OECD countries; Australia and Sweden. While recent fiscal reforms undertaken in both these countries are useful for ensuring the sustainability of government budgets, there are a few...

This paper examines the effects of Japanese fiscal policy after the 2008 global financial crisis using a mixed vector autoregression/event study approach. We focus on the effects of stimulus packages with environmental benefits. The empirical results show that a tax break and subsidy program...