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This article addresses Japan's economy, its new economic policy package, which is known as Abenomics. The centerpiece of Abenomics has been the three "economic arrows" targeted at aggressive monetary policy, flexible fiscal policy, and growth strategy. This article focuses on Abenomics and shows...
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level of debt. In other words, evidence points to non-linearities in the effects of fiscal policy. This paper provides a … framework to examine the role of the level of government debt in the assessment of consolidation policies across the business … cycle, allowing for the consolidation multiplier to depend on the level of debt at the time of consolidation. The empirical …
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