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3 edition of Sustainability, debt management, and public debt policy in Japan found in the catalog.

Sustainability, debt management, and public debt policy in Japan

TakerЕЌ Doi

Sustainability, debt management, and public debt policy in Japan

by TakerЕЌ Doi

  • 365 Want to read
  • 20 Currently reading

Published by National Bureau of Economic Research in Cambridge, Mass .
Written in English

    Subjects:
  • Fiscal policy -- Japan -- Econometric models,
  • Debt -- Japan -- Management

  • Edition Notes

    StatementTakero Doi, Toshihiro Ihori, Kiyoshi Mitsui.
    SeriesNBER working paper series -- no. 12357., Working paper series (National Bureau of Economic Research) -- working paper no. 12357.
    ContributionsIhori, Toshihiro, 1952-, Mitsui, Kiyoshi, 1957-, National Bureau of Economic Research.
    The Physical Object
    Pagination43 p. :
    Number of Pages43
    ID Numbers
    Open LibraryOL17630662M
    OCLC/WorldCa70690789

    The sustainability of public debt presents a challenge not only to public policy design but also to economic theory. This collection is the first book-length analysis of the theoretical foundations of public debt sustainability concepts and their application to the empirical study of actual budgetary policies.   The purpose of this paper is to analyze sustainability issues of Japan%us fiscal policy and then to discuss the debt management policy using the theoretical models and numerical studies. We also investigate the desirable coordination of fiscal and monetary authorities toward fiscal include a potential possibilities of the.

    The Annual Public Debt Report 12 Foreword In fulfilment of Section 72 of the Public Financial Management (PFM) Act, (Act ), I hereby present the 3rd edition of the Annual Public Debt Report. This report, like the previous ones, is aimed at enhancing transparency in the management and reporting of Ghana’s public debt operations. measures) are needed to reduce imbalances and anchor sustainability. I. BACKGROUND 1. The collapse of asset markets in the early s marked the origin of a prolonged period of economic stagnation in Japan, which has had long-lasting effects on growth, public debt and saving. From to , Japan was one of most dynamic.

    Downloadable (with restrictions)! In this paper, our objective is to analyze sustainable debt policy rules and economic growth using a model of endogenous economic growth theory. For the government, it is possible to run into debt, but the primary surplus is a positive linear function of the debt-to-GDP ratio which guarantees that public debt is sustainable. The Addis Ababa Action Agenda recognizes the need for action in attaining long-term debt sustainability. Strengthening the monitoring and prudent management of assets and liabilities is an important element of comprehensive national financing strategies and is critical to reducing vulnerabilities. The Addis Agenda emphasizes that debtors and creditors have to work together to prevent.


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Sustainability, debt management, and public debt policy in Japan by TakerЕЌ Doi Download PDF EPUB FB2

Sustainability, Debt Management, and Public Debt Policy in Japan Takero Doi, Toshihiro Ihori, Kiyoshi Mitsui. NBER Working Paper No. Issued in July NBER Program(s):International Finance and Macroeconomics, Public Economics The purpose of this paper is to analyze sustainability issues of Japan’s fiscal policy and then to discuss the debt management policy using the theoretical.

Sustainability, Debt Management, and Public Debt Policy in Japan Takero Doi, Toshihiro Ihori, Kiyoshi Mitsui. Chapter in NBER book Fiscal Policy and Management in East Asia (), Takatoshi Ito and Andrew K. Rose, editors (p.

- ) Conference held JunePublished in October by University of Chicago PressCited by: 4. Takero Doi & Toshihiro Ihori & Kiyoshi Mitsui, "Sustainability, Debt Management, and Public Debt Policy in Japan," CARF F-Series CARF-F, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.

Takero Doi & Toshihiro Ihori & Kiyoshi Mitsui, The Japanese government has issued a very huge amount of government debts, making it crucial for the government to implement tight public debt policy. Japan's fiscal situation has deteriorated Sustainability with the collapse of the bubble economy in the early s and the deep and prolonged period of economic recession that ensued.

Since national income did not grow much, tax revenue did not Author: Takero Doi. Sustainability, Debt Management, and Public Debt Policy in Japan Takero Doi, Toshihiro Ihori, and Kiyoshi Mitsui June, Acknowledgment: This paper is forthcoming in the book “Fiscal Policy and Management in East Asia” edited by Takatoshi Ito and Andrew Rose.

An earlier version of the paper was. Sustainability, Debt Management, and Public Debt Policy in Japan Takero Doi#, Toshihiro Ihori##, and Kiyoshi Mitsui### October, Abstract The purpose of this paper is to analyze sustainability issues of Japan's fiscal policy and then to discuss the debt management policy using theoretical models and numerical studies.

Sustainability, Debt Management, and Public Debt Policy in Japan Takero Doi, Toshihiro Ihori and Kiyoshi Mitsui NBER Working Paper No. July JEL No. H63, H21, E63 ABSTRACT The purpose of this paper is to analyze sustainability issues of Japan’s fiscal policy and then.

The purpose of this paper is to analyze sustainability issues of Japan's fiscal policy and then to discuss the debt management policy using theoretical models and numerical studies.

We also investigate the desirable coordination of fiscal and monetary authorities toward fiscal reconstruction. Sustainability of Public Debt in the United States and Japan William R.

Cline Abstract This paper applies the probabilistic debt sustainability model developed for the euro area in Cline (, ) to sovereign debt in the United States and Japan. The results indicate that to avoid further increases in the expected ratio of. Asia ex Japan Generally in Good Fiscal Shape Average Output Gap and Sustainability Constraints (Average Public Debt in% of GDP) Public Debt in% of GDP JPN 9 Source: Horton () 0 20 40 60 80 -5 -4 -3 -2 -1 0 KOR MAL TAP THA PHL HKG PRC IDN VNM SGP IND Output Gap, % of Potential Output.

Sustainability, Debt Management, and Public Debt Policy in Japan Takero Doi, Toshihiro Ihori, and Kiyoshi Mitsui June, Acknowledgment: An earlier version of the paper was presented at the 16th Annual East Asian Seminar on Economics held on June, and Conference on New perspective of Fiscal.

As part of the state public policies, the public debt management (IMF, ) is the pro cess pf es tablishing and applyin g strategies to ma nage the government debt, to c ollect the necess ary. Although sustainability of public finances has been discussed for more than a century now, it is still an imprecise concept.

While it is intui-tively clear that a sustainable policy must be such as to eventually pre-vent bankruptcy, there is no generally agreed upon definition of what precisely constitutes a sustainable debt position. debt sustainability to convenient measures of policy adjustments potentially required to preserve it.

One such measure is the gap between the actual primar y ba lance and the size. Get this from a library. Sustainability, debt management, and public debt policy in Japan. [Takerō Doi; Toshihiro Ihori; Kiyoshi Mitsui; National Bureau of Economic Research.]. Debt Sustainability and Debt Management in Developing Countries.

Contents. List of boxes, figures and tables ii Glossary iii Executive summary vi 1 Introduction. Brief history of debt issues in developing countries 1 Progress under the HIPC Initiative and MDRI 2 Understanding and measuring debt sustainability 3 The current debate on debt sustainability 3.

Whether you have a professional interest in debt sustainability or debt management or you are simply curious about these issues, we hope that you will join us in this in-depth study of one of the most critical and current issues in economic policy today.

Debt Sustainability Analysis is offered by the IMF with financial support from the Debt. Moreover, efforts to stabilize the year yield at around zero percent have postponed Japan’s debt sustainability problems further, with its nominal GDP.

restore sustainability, and the predictions of future tax and social security burden.”2 Is the Japanese government behaving as it should. The earliest approach in checking the sustainability of government deficit is to see whether the government has been acting prudently by reducing debt.

Get this from a library. Sustainability, debt management, and public debt policy in Japan. [Takerō Doi; Toshihiro Ihori; Kiyoshi Mitsui; National Bureau of Economic Research.] -- The purpose of this paper is to analyze sustainability issues of Japan's fiscal policy and then to discuss the debt management policy using the theoretical models and numerical studies.

also tries to examine the debt sustainability through the theoretical debt sustainability criteria. Towards the end, the final section concludes. India’s current public debt level can be termed sustainable.

India’s public debt remains sustainable given manageable interest rate cost and economic growth. Japan’s government debt is sustainable only so long as the market believes it is.

To maintain that confidence, the trajectory of that debt needs to be reversed. Government projections have been of higher growth and eventual primary fiscal surpluses, but in reality, the Japanese economy has continued to come up short.Public Debt Sustainability in Developing Asia offers a comprehensive analytical and empirical update on the sustainability of public debt in the region.

It breaks new ground in examining characteristics that are crucial to understanding sustainability and offers richer policy analysis that should prove useful for policy makers, researchers, and.