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We investigate how large a size of primary deficit to GDP ratio the Japan’s government can sustain. For this investigation, we construct an overlapping generations model, in which multi-generational households live and the government maintains a constant ratio of primary deficit to GDP. We...
Persistent link: https://www.econbiz.de/10010553127
We investigate how large a size of primary deficit to GDP ratio the Japan's government can sustain. For this investigation, we construct an overlapping generations model, in which multi-generational households live and the government maintains a constant ratio of primary deficit to GDP. We...
Persistent link: https://www.econbiz.de/10010556332
At the outset of this analysis of fiscal sustainability in Japan, we first reviewed the methodologies adopted in previous studies. Taking FY2009 as our starting point, we developed a long-term estimate of fiscal conditions based on the economic and demographic assumptions in the study of pension...
Persistent link: https://www.econbiz.de/10010832851
We investigate how large a primary deficit-to-GDP ratio Japan’s government can sustain. For this investigation, we construct an overlapping generations model in which multi-generational households live and the government maintains a constant ratio of the primary deficit to GDP. We numerically...
Persistent link: https://www.econbiz.de/10010869517
In order to quantify the effects of declining birthrate and changing demographic structure on the Japanese economy, we show the results of simulations by using a multi-sector dynamic general equilibrium model with overlapping generations (OLG) in an open economy. The model is constructed to...
Persistent link: https://www.econbiz.de/10010562153
In this paper, we discuss the structure of a forward-looking model of the Japanese economy, which has been jointly developed by the Institute of Economic Research, Kyoto University, and the Policy Research Institute, Ministry of Finance, and use the model to simulate policies for fiscal...
Persistent link: https://www.econbiz.de/10010569293
The "Fiscal Economic Model" is a macroeconomic model designed to ensure coherent interactions between the macro economy and the fiscal and social security system while giving the full-length formulation of fiscal balance and the social security system. The objective of this model is to develop...
Persistent link: https://www.econbiz.de/10010569303