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The Political Economy of Fiscal Consolidation in Japan (Hardcover, 2015 ed.)
Loot Price: R2,345
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The Political Economy of Fiscal Consolidation in Japan (Hardcover, 2015 ed.)
Series: Advances in Japanese Business and Economics, 8
Expected to ship within 10 - 15 working days
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This book investigates the reasons for persistent public deficits
and delayed fiscal reform in Japan, placing a special emphasis on
political economy aspects. Japan is confronted with the need to
pursue fiscal discipline for fiscal consolidation and implement
structural reforms for reorganizing fiscal expenditures. Focusing
on particular policy fields including social security, female labor
supply, public works, and intergovernmental transfer schemes, the
book clarifies economic and political elements that have hindered
effective steps toward these two goals. Facing population aging and
a business downturn, the Japanese government was urged to increase
social security expenditures and the budget for Keynesian stimulus
policies. As elucidated in the book, the institutional design has
worked to over-represent the demands of elderly generations and
local interest groups and to expand these expenditures. Rigorous
theoretical and numerical analyses reported throughout the book
consequently provide readers with insights into incentive designs
and institutional reforms necessary for fiscal consolidation, also
presenting points of view for public policy and public debate.
General
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