Doi, Takero; Hoshi, Takeo; Okimoto, Tatsuyoshi - In: Journal of the Japanese and International Economies 25 (2011) 4, pp. 414-433
We construct quarterly series of the revenues, expenditures, and debt outstanding for Japan from 1980 to 2010, and analyze the sustainability of the fiscal policy. We pursue three approaches to examine the sustainability. First, we calculate the minimum tax rate that stabilizes the debt to GDP...
