| 000 | 03546nam a22005295i 4500 | ||
|---|---|---|---|
| 001 | 978-981-97-0415-6 | ||
| 003 | DE-He213 | ||
| 005 | 20251030111812.0 | ||
| 007 | cr nn 008mamaa | ||
| 008 | 240409s2024 si | s |||| 0|eng d | ||
| 020 |
_a9789819704156 _9978-981-97-0415-6 |
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| 024 | 7 |
_a10.1007/978-981-97-0415-6 _2doi |
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| 050 | 4 | _aHB172.5 | |
| 072 | 7 |
_aKCB _2bicssc |
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| 072 | 7 |
_aBUS039000 _2bisacsh |
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| 072 | 7 |
_aKCB _2thema |
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| 100 | 1 |
_aSakai, Yoshikiyo. _eauthor. _4aut _4http://id.loc.gov/vocabulary/relators/aut _974941 |
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| 245 | 1 | 0 |
_aDeflation and Fiscal Deficits _h[electronic resource] : _bThree Questions About Japanese Economic Policy / _cby Yoshikiyo Sakai. |
| 250 | _a1st ed. 2024. | ||
| 264 | 1 |
_aSingapore : _bSpringer Nature Singapore : _bImprint: Springer, _c2024. |
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| 300 |
_aVIII, 73 p. 15 illus., 10 illus. in color. _bonline resource. |
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| 336 |
_atext _btxt _2rdacontent |
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| 337 |
_acomputer _bc _2rdamedia |
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| 338 |
_aonline resource _bcr _2rdacarrier |
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| 347 |
_atext file _bPDF _2rda |
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| 490 | 1 |
_aSpringerBriefs in Economics, _x2191-5512 |
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| 505 | 0 | _aCircumstances 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 | _aIn 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 | 0 | _aMacroeconomics. | |
| 650 | 0 |
_aEconomic development. _958075 |
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| 650 | 0 |
_aEconomic policy. _958351 |
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| 650 | 1 | 4 |
_aMacroeconomics and Monetary Economics. _969508 |
| 650 | 2 | 4 |
_aEconomic Growth. _958347 |
| 650 | 2 | 4 |
_aEconomic Policy. _958351 |
| 710 | 2 | _aSpringerLink (Online service) | |
| 773 | 0 | _tSpringer Nature eBook | |
| 776 | 0 | 8 |
_iPrinted edition: _z9789819704149 |
| 776 | 0 | 8 |
_iPrinted edition: _z9789819704163 |
| 830 | 0 |
_aSpringerBriefs in Economics, _x2191-5512 _971417 |
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| 856 | 4 | 0 | _uhttps://doi.org/10.1007/978-981-97-0415-6 |
| 912 | _aZDB-2-ECF | ||
| 912 | _aZDB-2-SXEF | ||
| 999 |
_c59044 _d59044 |
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