Fiscal sustainability and financial stability
Project/Area Number |
24530377
|
Research Category |
Grant-in-Aid for Scientific Research (C)
|
Allocation Type | Multi-year Fund |
Section | 一般 |
Research Field |
Public finance/Monetary economics
|
Research Institution | Kinki University |
Principal Investigator |
TAMAI Toshiki 近畿大学, 経済学部, 准教授 (00456584)
|
Project Period (FY) |
2012-04-01 – 2016-03-31
|
Project Status |
Completed (Fiscal Year 2015)
|
Budget Amount *help |
¥2,600,000 (Direct Cost: ¥2,000,000、Indirect Cost: ¥600,000)
Fiscal Year 2015: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2014: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2013: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2012: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
|
Keywords | 財政の維持可能性 / 財政政策 / 金融政策 / 財政・金融政策 |
Outline of Final Research Achievements |
This study analyzes fiscal sustainability and stability of financial markets. The theoretical analysis shows that the golden rule of public finance enables actualizing the first-best equilibrium. A criteria to evaluate the dynamic efficiency of public investment is also provided. Numerical analysis shows that the first-best equilibrium has been actualized in the UK economy, and might be applicable to Germany and Japan when the golden rule was active.
|
Report
(5 results)
Research Products
(7 results)