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Fiscal sustainability in Japan: What to tackle?

The Journal of the Economics of Ageing, 2019
Japan leads advanced economies in terms of the speed and magnitude of demographic aging and has the highest debt to GDP ratio. Furthermore, public pension, medical and long-term care (LTC) expenditures are projected to far outpace revenues and create ...
Selahattin Imrohoroglu   +2 more
semanticscholar   +1 more source

Fiscal sustainability in Japan

Journal of the Japanese and International Economies, 2011
Abstract This paper investigates fiscal sustainability of Japan by providing a dynamic stochastic general equilibrium (DSGE) model that features the low interest rate of the government bond relative to the economic growth rate to mimic the actual data.
Masaya Sakuragawa, Kaoru Hosono
openaire   +1 more source

Limited asset market participation and fiscal sustainability

JOURNAL OF ECONOMICS, 2022
Noritaka Maebayashi, Jumpei Tanaka
semanticscholar   +1 more source

Fiscal Sustainability and Policy Interactions

We build a model to study the interaction between default risk, policy changes, and financial frictions within a monetary union. The model features a centralised central bank and decentralised fiscal authorities. Countries have different reputations for fiscal stability, modelled as different probabilities of moving to a Default regime. Borrowing costs
Bianchi, Francesco   +3 more
openaire   +2 more sources

Assessing Fiscal Sustainability

SSRN Electronic Journal, 2018
Every country faces an intertemporal budget constraint, which requires that its government's future expenditures, including servicing its outstanding official debt, be covered by its government's future receipts when measured in present value. The present value difference between a country's future expenditures and its future receipts is its fiscal gap.
openaire   +2 more sources

Sustainability, Sustainability Assessment, and the Place of Fiscal Sustainability

2017
Although the societal discourse on sustainable development has become more and more prominent and agenda setting, the scholarly work on it is still highly diverse. This is why the chapter steps back first to position the topic within the broader scientific discourse on sustainable development.
openaire   +2 more sources

FISCAL SUSTAINABILITY

National Institute Economic Review, 2009
Ray Barrell, Simon Kirby
openaire   +1 more source

Fiscal sustainability and fiscal policy targets

2012
Analyses of fiscal sustainability have become integral parts of fiscal policy planning due to high debt levels and projected demographic changes. A popular metric by which to evaluate sustainability gaps is the so-called S2 metric given as the permanent change in the primary budget balance (relative to GDP) needed to meet the intertemporal budget ...
openaire   +1 more source

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