| Project/Area Number |
22730224
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Single-year Grants |
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| Research Field |
Economic policy
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| Research Institution | Shiga University |
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Principal Investigator |
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| Project Period (FY) |
2010 – 2012
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| Project Status |
Completed (Fiscal Year 2012)
|
| Budget Amount *help |
¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2012: ¥390,000 (Direct Cost: ¥300,000、Indirect Cost: ¥90,000)
Fiscal Year 2011: ¥390,000 (Direct Cost: ¥300,000、Indirect Cost: ¥90,000)
Fiscal Year 2010: ¥390,000 (Direct Cost: ¥300,000、Indirect Cost: ¥90,000)
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| Keywords | 動学的一般均衡 / 財政政策の維持可能性 / 財政の維持可能性 / インフレーション、デフレーション / マクロ財政学 / 財政政策 / 維持可能性 |
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| Research Abstract |
This study investigates the theoretical relationship between population movement or foreign inflation and a government's long-term fiscal health. It uses an equilibrium model with dynamic optimization to investigate a situation in which a government repays its fiscal liabilities using tax revenues or seigniorage. The focus is on an upper bound of fiscal liability, which is compatible with a No-Ponzi-game condition. The investigation deals, in particular, with how the upper bound depends on population size, population growth rate, primary fiscal balance and foreign inflation rate.
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