Public policy review, April 2010, v. 6, no. 4
Date
2010
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Policy Research Institute, Ministry of Finance.Japan
Abstract
This publication by the Ministry Of Finance (Japan) features papers about fiscal policy issues arising in Japan, China and Korea after the global recession. Policy implications for advanced market economies are different from emerging market economies. In Asian G-20 countries, the deterioration in the structural fiscal position during 2007-10 comes mostly from stimulus packages in emerging economies, while structural spending pressures are important in advanced economies. The research examines aspects of fiscal policy issues including the time pattern of policy responses, effectiveness of expansionary measures, and long-term implications for fiscal debt.
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Keywords
FISCAL POLICY, GLOBAL FINANCIAL CRISIS, FISCAL STIMULUS, ECONOMIC RECESSION, TAX INCENTIVES