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Twin Survey on the Japanese Economy and Policy Effects: Outline of the Survey and Report of Summary Statistics

Author

Listed:
  • Masanori UMEDA
  • Takuma KAWAMOTO
  • Masahiro HORI

Abstract

To plan economic policies properly and to implement them effectively, efforts to form a con-sensus on the quantitative effects of such policies are necessary. For this purpose, it is useful to grasp differences in perceptions of the Japanese economy and policy effects (1) among the general public in Japan, (2) among economist, and (3) between the general public and economists. In this paper, we provide an overview of a questionnaire survey conducted by ESRI in 2016-2017 of the general public and economists in Japan on the current situation of the Japanese economy and people’s perceptions of the effects of macroeconomic policies. We also present summary statistics of the results obtained. While the findings from the survey are preliminary, they suggest that (1) the general public and economists often have quite different views about the Japanese economy and policy effects, and that (2) there are no systematic differences in views across different types of economists. In other words, there appears to be a broad “consensus” among economists in Japan, while the general public does not always agree with the economists’ views. JEL Classification Codes: A11, E50, E60, H50, H60

Suggested Citation

  • Masanori UMEDA & Takuma KAWAMOTO & Masahiro HORI, 2018. "Twin Survey on the Japanese Economy and Policy Effects: Outline of the Survey and Report of Summary Statistics," Economic Analysis, Economic and Social Research Institute (ESRI), vol. 197, pages 146-164, March.
    • Handle: RePEc:esj:esriea:197g
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    File URL: http://www.esri.go.jp/jp/archive/bun/bun197/bun197g.pdf
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    Citations

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    Cited by:

    1. Shin-ichi Fukuda & Naoto Soma, 2021. "Evaluation of Japan’s Macro-Fiscal Policy and its Challenges," Public Policy Review, Policy Research Institute, Ministry of Finance Japan, vol. 17(2), pages 1-28, November.
    2. Fukuda, Shin-ichi, 2023. "Evaluation of fiscal policy using alternative GDP data in Japan," Japan and the World Economy, Elsevier, vol. 67(C).

    More about this item

    Keywords

    Japanese Economy; Macro-Economic Policy; Survey of Economists;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General

    Statistics

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