Claim Your Author Page
Ensure your research is discoverable on Semantic Scholar. Claiming your author page allows you to personalize the information displayed and manage publications.
In the past two decades, the Japanese government has spent a considerable amount of money to counteract the severe recessions that have recurred since the early 1990s. Numerous studies have pointed… (More)
This study analyzes the relationship between budget deficits, government debt, and interest rates using Japanese data. Employing the event study methodology, we find that the directions,… (More)
This paper examines the relationship between fiscal policy and regional business cycle fluctuations in Japan. In particular, we focus on the effects of “discretionary” changes in public investment, a… (More)
Contrary to conventional wisdom, recent research has demonstrated that in most developing countries, fiscal policy runs procyclically. In this chapter, after we review the conventional Keynesian and… (More)
This study analyzes the relationship between long-term interest rates and a fiscal sentiment index originally developed by conducting textual analysis of newspaper articles from January 1, 1980, to… (More)
Recently, the outstanding debt of the Japanese government amounts to 695 trillion yen, which implies 139.5% of GDP. In this paper, we constructed three IS-LM type dynamic models and estimate the… (More)
Using experiments developed by Engelmann and Strobel (2004), this study investigates distributional preference in Japan. We find that just over half the people in the study have a maximin preference,… (More)
Is a fiscal stimulus effective? This classical question has received significant research attention since the collapse of the global financial services firm Lehman Brothers. Although most studies… (More)
In the past two decades, the Japanese government has spent a considerable amount of money to counteract the deep recessions that have recurred since...