Titlebook: Government Deficit and Fiscal Reform in Japan; Toshihiro Ihori,Masakazu Sato Book 2002 Springer Science+Business Media New York 2002 Japan

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The System and Role of Local Bonds Permits in Japan,8 times as large as the total local expenditures (about 100 trillion yen), and about 2.5 times as large as in FY 1990. Local Bonds and other borrowings that will be redeemed by local governments are shown in Figure 1.

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,Intertemporal Tax Smoothing and Budget Deficits in Japan: 1957–1997,retard economic growth. However, budget deficits also play the role of a cushion that absorbs economic shocks and thus we cannot prematurely conclude a priori that budget deficitsare always undesirable.

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1385-7568 or of central government‘s control on local governments‘ debt issuance and its effect on the real activities of local governments. This book points out that the long-run structural fiscal reform is more important than the short-run Keynesian fiscal policy in Japan. .978-1-4419-5292-9978-1-4757-3528-4Series ISSN 1385-7568

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Research Monographs in Japan-U.S. Business and Economics387674.jpg

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2731-5592 nd women’s history, this volume crosses disciplinary boundaries and reflects the wide-ranging, gap-bridging work of Glick himself, a pivotal figure in the historiography of medieval Spain..978-3-319-96481-2Series ISSN 2731-5592 Series E-ISSN 2731-5606

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