The Political Economy of Fiscal Consolidation in Japan (Paperback, Softcover reprint of the original 1st ed. 2015)

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

Imprint:	Springer Verlag,Japan
Country of origin:	Japan
Series:	Advances in Japanese Business and Economics, 8
Release date:	August 2016
First published:	2015
Editors:	Toshihiro Ihori • Kimiko Terai
Dimensions:	235 x 155 x 11mm (L x W x T)
Format:	Paperback
Pages:	195
Edition:	Softcover reprint of the original 1st ed. 2015
ISBN-13:	978-4-431-56407-2
Categories:	Books > Business & Economics > Economics > Political economy Books > Business & Economics > Finance & accounting > Finance > Public finance > General Books > Money & Finance > Public finance > General
LSN:	4-431-56407-1
Barcode:	9784431564072

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