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Why has Fiscal Policy Disappointed in Japan?

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  • Richard Werner

    (University of Southampton)

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  • Richard Werner, 2004. "Why has Fiscal Policy Disappointed in Japan?," Money Macro and Finance (MMF) Research Group Conference 2004 9, Money Macro and Finance Research Group.
    • Handle: RePEc:mmf:mmfc04:9
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    References listed on IDEAS

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    1. Barro, Robert J, 1974. "Are Government Bonds Net Wealth?," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1095-1117, Nov.-Dec..
    2. Ludvigson, Sydney, 1996. "The macroeconomic effects of government debt in a stochastic growth model," Journal of Monetary Economics, Elsevier, vol. 38(1), pages 25-45, August.
    3. Adam S. Posen & Ryoichi Mikitani (ed.), 2000. "Japan's Financial Crisis and Its Parallels to U. S. Experience," Peterson Institute Press: All Books, Peterson Institute for International Economics, number sr13, April.
    4. Milton Friedman, 1971. "A Theoretical Framework for Monetary Analysis," NBER Books, National Bureau of Economic Research, Inc, number frie71-1.
    5. Ben S. Bernanke & Mark Gertler, 1995. "Inside the Black Box: The Credit Channel of Monetary Policy Transmission," Journal of Economic Perspectives, American Economic Association, vol. 9(4), pages 27-48, Fall.
    6. L. Wade, 1988. "Review," Public Choice, Springer, vol. 58(1), pages 99-100, July.
    7. Bernanke, Ben S & Blinder, Alan S, 1988. "Credit, Money, and Aggregate Demand," American Economic Review, American Economic Association, vol. 78(2), pages 435-439, May.
    8. James M. Boughton, 1991. "Long-Run Money Demand in Large Industrial Countries," IMF Staff Papers, Palgrave Macmillan, vol. 38(1), pages 1-32, March.
    9. Mark Gertler & Simon Gilchrist, 1993. "The role of credit market imperfections in the monetary transmission mechanism: arguments and evidence," Finance and Economics Discussion Series 93-5, Board of Governors of the Federal Reserve System (U.S.).
    10. Ben S. Bernanke, 1993. "Credit in the macroeconomy," Quarterly Review, Federal Reserve Bank of New York, vol. 18(Spr), pages 50-70.
    11. repec:bla:econom:v:47:y:1980:i:188:p:387-406 is not listed on IDEAS
    12. repec:bla:scandj:v:95:y:1993:i:1:p:43-64 is not listed on IDEAS
    13. Richard Werner, 2002. "A Reconsideration of the Rationale for Bank-Centered Economic Systems and the Effectiveness of Directed Credit Policies in the Light of Japanese Evidence," Japanese Economy, Taylor & Francis Journals, vol. 30(3), pages 3-45.
    14. Blinder, Alan S. & Solow, Robert M., 1973. "Does fiscal policy matter?," Journal of Public Economics, Elsevier, vol. 2(4), pages 319-337.
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    Cited by:

    1. Mr. George Kopits, 2016. "The Case for an Independent Fiscal Institution in Japan," IMF Working Papers 2016/156, International Monetary Fund.
    2. Asuamah Yeboah, Samuel, 2018. "Do government activities determine electricity consumption in Ghana? An empirical investigation," MPRA Paper 89408, University Library of Munich, Germany.
    3. Fukuda, Shin-ichi, 2023. "Evaluation of fiscal policy using alternative GDP data in Japan," Japan and the World Economy, Elsevier, vol. 67(C).
    4. 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.
    5. Kadish, Peter, 2010. "Credit Monitoring in the USA and EU Countries," MPRA Paper 24360, University Library of Munich, Germany.

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