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The Proper Measurement of Government Budget Deficits : Comprehensive Wealth Accounting or Permanent Income Accounting for the Public Sector
Buiter, Willem H. - 1982
of revaluations in non-marketable (and often merely implicit) assets and liabilities such as the future stream of tax …
Persistent link: https://www.econbiz.de/10012478092
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Income Originating in the State and Local Sector
Hulten, Charles R. - 1987
output of this sector, confuses the debate over federal tax reform, and hides the distinction between general subsidies for …
Persistent link: https://www.econbiz.de/10012476754
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Generational Accounts - A Meaningful Alternative to Deficit Accounting
Auerbach, Alan J. - 1991
This paper presents a set of generational accounts (GAS) that can be used to assess the fiscal burden current generations are placing on future generations. The GAS indicate the net present value amount that current and future generations are projected to pay to the government now and in the...
Persistent link: https://www.econbiz.de/10012475431
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On the Japanese Economy and Japanese National Accounts
Ando, Albert - 2000
A review of the Japanese National Accounts reveals that the Japanese household sector has apparently suffered a capital loss of some 400 trillion-yen in 1990 consumption prices since 1970. This loss is large enough to explain most of the Japanese recession of the 1990's. We can trace some...
Persistent link: https://www.econbiz.de/10012470697
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Measuring Depreciation For Japan : Rejoinder to Dekle and Summers
Hayashi, Fumio - 1991
rate (ratio of depreciation to the capital stock) is implausibly high. I argue in this rejoinder that Japan's high … Japan. Second, equipment capital (a component of the denominator in the depreciation rate) in the Japanese national accounts … seems underestimated. Therefore, my estimate of the level of depreciation for Japan does not seem exaggerated …
Persistent link: https://www.econbiz.de/10012475157
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Fiscal Stance and the Real Exchange : Some Empirical Estimates
Clarida, Richard - 1999
fiscal surpluses in the US, the annual announcement of yet another fiscal stimulus package in Japan, and Maastricht limits on … constant the present value of tax collections, it is possible that the exchange rate response to any contemporaneous index of …
Persistent link: https://www.econbiz.de/10012471719
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A Goldilocks Theory of Fiscal Deficits
Mian, Atif; Straub, Ludwig; Sufi, Amir - National Bureau of Economic Research - 2022
model, we find little space for "free lunch" policies for the United States in 2019, but ample space for Japan …
Persistent link: https://www.econbiz.de/10012814482
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The Influence of Actual and Unrequited Interventions
Dominguez, Kathryn M.E. - 2007
Intervention operations are used by governments to manage their exchange rates but officials rarely confirm their presence in the market, leading inevitably to erroneous reports in the financial press. There are also reports of what we term, unrequited interventions, interventions that the...
Persistent link: https://www.econbiz.de/10012465703
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Sustainability, Debt Management, and Public Debt Policy in Japan
Doi, Takero - 2006
authority of Japan because it has accumulated the debt outstanding much more than other countries …The purpose of this paper is to analyze sustainability issues of Japan's fiscal policy and then to discuss the debt …
Persistent link: https://www.econbiz.de/10012466308
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Monetary and Fiscal Policy in a Liquidity Trap : The Japanese Experience 1999-2004
Iwamara, Mitsuru - 2005
-2004. First, we find that the Bank of Japan's policy commitment to continuing monetary easing until some prespecified conditions … sloping, indicating that the Bank of Japan's commitment failed to have su.cient influence on the market's expectations about …
Persistent link: https://www.econbiz.de/10012467534