Public investment and business cycles: The case of Japan

Journal of Asian Economics

Volumn 20, Issue 4, 2009, Pages 419-426

  Miyazaki, Tomomi ^a  

^a NAGOYA GAKUIN UNIVERSITY   (Japan)

Author keywords

Public investment; Stabilization policy in Japan; Structural vector auto regression

Indexed keywords

EID: 68849092325     PISSN: 10490078     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.asieco.2009.04.001     Document Type: Article

References (18)

1. Asako K., Ito T., and Sakamoto K. The rise and fall of deficit in Japan. Journal of the Japanese and International Economies 5 4 (1991) 16-25
2. Bayoumi T. The morning after: Explaining the slowdown in Japanese growth in the 1990s. Journal of International Economics 53 2 (2001) 241-259
3. Blanchard O.J., and Perotti R. An empirical characterization of the dynamic effects of changes in government spending and taxes on output. Quarterly Journal of Economics 117 4 (2002) 1329-1368
4. Cecchetti S.G., and Karras G. Sources of output fluctuations during the interwar period: Further evidence on the causes of great depression. Review of Economics and Statistics 76 1 (1994) 80-102
5. Christiano L.J. Money and the U.S. economy in the 1980s: A break from the past?. Federal Reserve Bank of Minneapolis Quarterly Review Summer (1986) 2-13
6. Doi, T., & Ihori, T. (2006). Soft budget constraints and local expenditures. CIRJE Discussion Papers 42, Centre for International Research on the Japanese Economy, Tokyo University.
7. Hamilton J.D. Time series analysis (1994), Princeton University Press, Princeton
8. Hanai K., Tajika E., and Yui Y. Financing growth and local governments in Japan: Why does the government keep growing?. Hitotsubashi Journal of Economics 41 2 (2000) 153-162
9. Ihori T. Fiscal policy and fiscal reconstruction in Japan. International Tax and Public Finance 13 4 (2006) 489-508
10. Ihori T., Nakazato T., and Kawade M. Japan's fiscal policies in the 1990s. The World Economy 26 3 (2003) 325-338
11. Kato, R. (2003). A comparison of the multiplier of fiscal policy between Japan and USA: An approach by structural VAR with institutional information. International Department Working Paper Series 03-J-4, Bank of Japan (in Japanese).
12. Nishizaki, K., & Nakagawa, A. (2000). On the estimation of structural fiscal balances in Japan. Research and Statistics Department Working Paper Series 00-16, Bank of Japan (in Japanese).
13. Pascha, W., & Robaschik, F. (2001). The role of Japanese local governments in stabilization policy. Duisburg Working Papers on East Asian Studies 40, University of Duisburg-Essen.
14. Perotti R. Estimating the effects of fiscal policy in OECD countries (2005), Federal Reserve Bank of San Francisco
15. Shioji E. Identifying monetary policy shocks in Japan. Journal of the Japanese and International Economies 14 1 (2000) 22-42
16. Sims A.C. Macroeconomics and reality. Econometrica 48 1 (1980) 1-48
17. Sims A.C., Stock J.H., and Watson M.M. Inference in linear time series models with some unit roots. Econometrica 58 1 (1990) 113-144
18. Toda Y., and Yamamoto T. Statistical inference in vector autoregressions with possibly integrated processes. Journal of Econometrics 66 1 (1995) 225-250