Botman, Dennis; Edison, Hali; N'Diaye, Papa - In: Japan and the World Economy 21 (2009) 2, pp. 151-160
Japan's key fiscal challenge is to put public finances on a more sustainable footing. This paper investigates the macroeconomic implications of alternative fiscal strategies for Japan using the IMF's Global Fiscal Model. The results suggest that (i) an adjustment package that achieves primary...