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A Fiscal Perspective on the Sustainability of Japanese Government Debt
https://doi.org/10.24545/00001172
https://doi.org/10.24545/000011723af4df00-c700-4d51-a8fe-92794e95842e
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
DP15-02.pdf (285.8 kB)
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| Item type | ディスカッションペーパー / Discussion Paper(1) | |||||||
|---|---|---|---|---|---|---|---|---|
| 公開日 | 2014-04-20 | |||||||
| タイトル | ||||||||
| タイトル | A Fiscal Perspective on the Sustainability of Japanese Government Debt | |||||||
| 言語 | en | |||||||
| 言語 | ||||||||
| 言語 | eng | |||||||
| 資源タイプ | ||||||||
| 資源タイプ | technical report | |||||||
| ID登録 | ||||||||
| ID登録 (DOI) | 10.24545/00001172 | |||||||
| ID登録タイプ | JaLC | |||||||
| 著者 |
TAKEDA, Tatsuya
× TAKEDA, Tatsuya
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| 著者所属 | ||||||||
| 値 | 政策研究大学院大学 / National Graduate Institute for Policy Studies | |||||||
| 抄録 | ||||||||
| 内容記述タイプ | Abstract | |||||||
| 内容記述 | Japan’s outstanding debt keeps increasing and there are concerns regarding its sustainability. Nevertheless, the financial market seems to be neglecting such concern. Its growing debt level and subdued general price level are not easy to explain from the fiscal theory of price level (FTPL) either. Thus, Japan has been a “puzzle” for many. This puzzle can be better understood with extended definition of government and its debt. If Fiscal Investment and Loan Program (FILP) agencies are included in the definition of “government”, Japan was running surpluses for several years since 2000, implied by the change in the real value of the government’s total debt including loans owed to the private sector. This paper introduces the new measurement scheme for the fiscal state of Japan and its implication on FTPL calculations to analyze the puzzle and to address the debt sustainability issue of Japan through FTPL perspectives on “Abenomics”. | |||||||
| 発行年 | ||||||||
| 値 | 2015-04 | |||||||
| 書誌情報 |
en : GRIPS Discussion Papers Report No. DP15-02, 発行日 2014-04-20 |
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| 出版者 | ||||||||
| 出版者 | GRIPS Policy Research Center | |||||||
| 言語 | en | |||||||
| 関連サイト | ||||||||
| 関連タイプ | isIdenticalTo | |||||||
| 識別子タイプ | URI | |||||||
| 関連識別子 | https://ideas.repec.org/p/ngi/dpaper/15-02.html | |||||||
| 関連名称 | https://ideas.repec.org/p/ngi/dpaper/15-02.html | |||||||
| 著者版フラグ | ||||||||
| 出版タイプ | AM | |||||||
| 出版タイプResource | http://purl.org/coar/version/c_ab4af688f83e57aa | |||||||
