This paper has estimated lifetime benefits and burdens of each future generation and underlying fiscal situation.Net burdens could be significantly different among the future generations depending on how to improve the primary fiscal balance, even though the government debt be eliminated in...

This study addresses the case of Tianjin in China and seeks a suitable environmental policy for the region. The Tianjin inter-regional input-output table is estimated and the economic and environmental impacts of environmental conservation technologies are measured. This study investigates the...

This paper proposes a new method to estimate parameters of dynamic general equilibrium models under a liquidity trap based on the Monte Carlo particle filter, proposed by Kitagawa (1996) and Gordon et al. (1993), and a self-organizing state space model, proposed by Kitagawa (1998). This method...

In this paper, we have surveyed the effects of European climate change policy on European economies and societies, and analyzed them empirically. The paper consists of four parts. Namely, 1) a survey of ex-ante studies and ex-post literatures on the cost assessments of European Union Emissions...

Using micro-data from the Japanese Panel Survey of Consumers (JPSC), this paper analyzed an impact of macroeconomic conditions at graduation on the future job opportunities of female workers in Japan. More specifically, we examined whether the failure of obtaining a regular job at the time of...

This paper aims to take stock of four years of ESP forecast experience since its launch in 2004. The consensus performs well, compared to individual forecasters, which is confirmed probably for the first time in Japan. It satisfies the average form of rational expectations hypothesis defined in...

This paper conducts a survey asking economists, but not specialists of forecasting, to submit their forecasts of real GDP growth and CPI inflation rates for 2007Q4, 2008Q1 and FY 2009, and compares the responses with the corresponding results of the ESP forecasts, a monthly survey of...

This paper examines the economic mobility of foreign migrants in Japan. In a country that is largely regarded as homogeneous and closed to outsiders, how and to what extent do immigrants achieve economic success? A survey conducted by the authors revealed that the conventional assimilationist...

To quantify intergenerational inequality and to check fiscal sustainability, this paper has estimated each generation's lifetime benefits and burdens through governments as well as underlying fiscal developments.Assuming the status quo, (1) intergenerational inequality is small among the...

On March 11, 2011, the Great East Japan Earthquake and tsunami hit the Tohoku region of Japan, causing the loss of a great number of lives and property. The earthquake and tsunami also damaged nuclear plants in Fukushima Prefecture, resulting in the release of radioactive substances into the...