東華大學圖書館 |

語系: 繁體中文

說明(常見問題)

回圖書館首頁

手機版館藏查詢

登入

回首頁

切換: 標籤 | MARC模式 | ISBD

FindBook

Google Book

Amazon

博客來

Deflation and fiscal deficits = three questions about Japanese economic policy /

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Deflation and fiscal deficits/ by Yoshikiyo Sakai.
其他題名:	three questions about Japanese economic policy /
作者:	Sakai, Yoshikiyo.
出版者:	Singapore :Springer Nature Singapore : : 2024.,
面頁冊數:	viii, 73 p. :ill., digital ;24 cm.
內容註:	Circumstances of Questions and Theoretical Background -- Timeline of Economic Policies in Japan -- Structure of Quantitative and Qualitative Monetary Easing and Joint Statement with Government -- Fiscal Theory of Price Level and Modern Monetary Theory -- Answers to Questions 1 and 2: Financial System from Viewpoints of Payment -- Answer to Question 3: Crocodile Mouth Theory vs. Blanchard Assertion -- Conclusion.
Contained By:	Springer Nature eBook
標題:	Macroeconomics and Monetary Economics. -
標題:	Japan - Economic policy. -
電子資源:	https://doi.org/10.1007/978-981-97-0415-6
ISBN:	9789819704156

Deflation and fiscal deficits = three questions about Japanese economic policy /
Sakai, Yoshikiyo.

Deflation and fiscal deficitsthree questions about Japanese economic policy /[electronic resource] :by Yoshikiyo Sakai. - Singapore :Springer Nature Singapore :2024. - viii, 73 p. :ill., digital ;24 cm. - SpringerBriefs in economics,2191-5512. - SpringerBriefs in economics..

Circumstances of Questions and Theoretical Background -- Timeline of Economic Policies in Japan -- Structure of Quantitative and Qualitative Monetary Easing and Joint Statement with Government -- Fiscal Theory of Price Level and Modern Monetary Theory -- Answers to Questions 1 and 2: Financial System from Viewpoints of Payment -- Answer to Question 3: Crocodile Mouth Theory vs. Blanchard Assertion -- Conclusion.

In this study on the Japanese economy, the author focuses on three problems related to economic policy and presents their answers. The author analyzes (i) what mechanisms exist for fiscal policy and the price level, (ii) whether the MMT proposition that public deficits increase people's wealth and savings fits into the standard macro model, and (iii) whether Blanchard's assertion that fiscal deficits are net wealth in the US economy can be applied to Japanese economy as well. The propositions of Sims' FTPL, Kelton's MMT, Japan's Ricardian type argument, and the non-Ricardian type of government by Blanchard have been understood as independent economic perceptions, but they will be theoretically shown as a coherent story. Namely, this study presents a macroeconomic framework that includes the financial sector and derives Sims' proposition that "fiscal policy can be the sole determinant of the price level." It also shows that MMT's claim that "budget deficits increase our wealth and collective savings" can inevitably hold within this framework. Furthermore, it presents a model that consistently explains that public debt leads to financial collapse and contributes to economic welfare.

ISBN: 9789819704156

Standard No.: 10.1007/978-981-97-0415-6doiSubjects--Topical Terms:

3538569
Macroeconomics and Monetary Economics.
Subjects--Geographical Terms:

694402
Japan
--Economic policy.

LC Class. No.: HC462.95

Dewey Class. No.: 338.952

Deflation and fiscal deficits = three questions about Japanese economic policy /
LDR:02671nmm a22003375a 4500 001 2370033
003 DE-He213
005 20240409130428.0
006 m d
007 cr nn 008maaau
008 241127s2024 si s 0 eng d
020 $a 9789819704156 $q (electronic bk.)
020 $a 9789819704149 $q (paper)
024 7 $a 10.1007/978-981-97-0415-6 $2 doi
035 $a 978-981-97-0415-6
040 $a GP $c GP
041 0 $a eng
050 4 $a HC462.95
072 7 $a KCB $2 bicssc
072 7 $a BUS039000 $2 bisacsh
072 7 $a KCB $2 thema
082 0 4 $a 338.952 $2 23
090 $a HC462.95 $b .S158 2024
100 1 $a Sakai, Yoshikiyo. $3 3715093
245 1 0 $a Deflation and fiscal deficits $h [electronic resource] : $b three questions about Japanese economic policy / $c by Yoshikiyo Sakai.
260 $a Singapore : $b Springer Nature Singapore : $b Imprint: Springer, $c 2024.
300 $a viii, 73 p. : $b ill., digital ; $c 24 cm.
490 1 $a SpringerBriefs in economics, $x 2191-5512
505 0 $a Circumstances of Questions and Theoretical Background -- Timeline of Economic Policies in Japan -- Structure of Quantitative and Qualitative Monetary Easing and Joint Statement with Government -- Fiscal Theory of Price Level and Modern Monetary Theory -- Answers to Questions 1 and 2: Financial System from Viewpoints of Payment -- Answer to Question 3: Crocodile Mouth Theory vs. Blanchard Assertion -- Conclusion.
520 $a In this study on the Japanese economy, the author focuses on three problems related to economic policy and presents their answers. The author analyzes (i) what mechanisms exist for fiscal policy and the price level, (ii) whether the MMT proposition that public deficits increase people's wealth and savings fits into the standard macro model, and (iii) whether Blanchard's assertion that fiscal deficits are net wealth in the US economy can be applied to Japanese economy as well. The propositions of Sims' FTPL, Kelton's MMT, Japan's Ricardian type argument, and the non-Ricardian type of government by Blanchard have been understood as independent economic perceptions, but they will be theoretically shown as a coherent story. Namely, this study presents a macroeconomic framework that includes the financial sector and derives Sims' proposition that "fiscal policy can be the sole determinant of the price level." It also shows that MMT's claim that "budget deficits increase our wealth and collective savings" can inevitably hold within this framework. Furthermore, it presents a model that consistently explains that public debt leads to financial collapse and contributes to economic welfare.
650 1 4 $a Macroeconomics and Monetary Economics. $3 3538569
650 2 4 $a Economic Growth. $3 676727
650 2 4 $a Economic Policy. $3 676830
651 0 $a Japan $x Economic policy. $3 694402
710 2 $a SpringerLink (Online service) $3 836513
773 0 $t Springer Nature eBook
830 0 $a SpringerBriefs in economics. $3 1567438
856 4 0 $u https://doi.org/10.1007/978-981-97-0415-6
950 $a Economics and Finance (SpringerNature-41170)