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Titlebook: Deflation and Fiscal Deficits; Three Questions Abou Yoshikiyo Sakai Book 2024 The Editor(s) (if applicable) and The Author(s), under exclus

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樓主
發(fā)表于 2025-3-21 17:11:41 | 只看該作者 |倒序?yàn)g覽 |閱讀模式
書目名稱Deflation and Fiscal Deficits
副標(biāo)題Three Questions Abou
編輯Yoshikiyo Sakai
視頻videohttp://file.papertrans.cn/265/264815/264815.mp4
概述Presents a macroeconomic framework in which fiscal policy is the determinant of prices level.MMT‘s assertion "fiscal deficits increase our wealth " is derived from the standard macro-model.The model e
叢書名稱SpringerBriefs in Economics
圖書封面Titlebook: Deflation and Fiscal Deficits; Three Questions Abou Yoshikiyo Sakai Book 2024 The Editor(s) (if applicable) and The Author(s), under exclus
描述.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 but contributes to economic welfare.
出版日期Book 2024
關(guān)鍵詞Public debt; Fiscal deficit; Policy coordination; QQE (Quantitative and Qualitative Monetary Easing); FT
版次1
doihttps://doi.org/10.1007/978-981-97-0415-6
isbn_softcover978-981-97-0414-9
isbn_ebook978-981-97-0415-6Series ISSN 2191-5504 Series E-ISSN 2191-5512
issn_series 2191-5504
copyrightThe Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapor
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沙發(fā)
發(fā)表于 2025-3-21 20:26:20 | 只看該作者
Timeline of Economic Policies in Japan,2014. QQE with a negative Interest Rate in January 2016 and QQE with Yield Curve Control in September 2016 were announced, but these measures did not achieve the inflation target. On the other hand, the consumption tax rate was raised again from 8 to 10 percent in October 2019.
板凳
發(fā)表于 2025-3-22 04:22:24 | 只看該作者
地板
發(fā)表于 2025-3-22 07:09:43 | 只看該作者
Book 2024 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 but contributes to economic welfare.
5#
發(fā)表于 2025-3-22 12:16:00 | 只看該作者
Yoshikiyo SakaiPresents a macroeconomic framework in which fiscal policy is the determinant of prices level.MMT‘s assertion "fiscal deficits increase our wealth " is derived from the standard macro-model.The model e
6#
發(fā)表于 2025-3-22 14:15:33 | 只看該作者
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發(fā)表于 2025-3-22 17:50:14 | 只看該作者
https://doi.org/10.1007/978-3-322-89521-9(i) what mechanism exists for fiscal and monetary policy and the price level, (ii) whether the modern monetary theory (MMT)proposition that public debt increases people’s wealth and savings fits into the standard macro model, and (iii) whether Blanchard’s assertion that budget deficits are net wealt
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發(fā)表于 2025-3-23 00:42:37 | 只看該作者
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發(fā)表于 2025-3-23 01:58:47 | 只看該作者
https://doi.org/10.1007/978-3-322-89521-9n has gained the knowledge that the yield curve can be controlled by operations. As to the latter, it is recognized that inflation expectations must work for the quantitative and qualitative monetary easing (QQE) mechanism to be established. On the other hand, the government has set a goal of restor
10#
發(fā)表于 2025-3-23 08:29:31 | 只看該作者
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