Analysis of the Sustainability of the Government Debt in Dynamic General Equilibrium Model

• Project/Area Number: 23530381
• 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: Tokai University (2013); Keio University (2011-2012)
• Principal Investigator: HIRAGA Kazuki 東海大学, 政治経済学部, 講師 (40528923)
• Co-Investigator(Kenkyū-buntansha): EGUCHI Masataka 駒澤大学, 経済学部, 講師 (40600507)
• Project Period (FY): 2011 – 2013
• Project Status: Completed (Fiscal Year 2013)
• Budget Amount: ¥4,810,000 (Direct Cost: ¥3,700,000、Indirect Cost: ¥1,110,000); Fiscal Year 2013: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000); Fiscal Year 2012: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000); Fiscal Year 2011: ¥2,210,000 (Direct Cost: ¥1,700,000、Indirect Cost: ¥510,000)
• Keywords: 政府債務の持続可能性 / 動学的一般均衡モデル / 論文掲載 / 国際情報交換(イタリア、アメリカ) / 論文作成、投稿 / 国際情報交換 / 国際研究者交流 / 国債研究者交流

Research Abstract

This research investigates the method for evaluating the sustainability of the government debt using dynamic general equilibrium. We obtain the three achievements. First, we explain the weak condition of wide sense of the sustainability using simple economic model. Second, we induce the sustainability condition in both the government debt and economics using overlapped generation model. Finally, we develop the new method for investigating the sustainability connecting fiscal stabilization rule and statistical methods.

Research Products

• [Journal Article] A Note on Weal Condition of"Globally"Ricardian (2013)
  • Author(s): Kazuki Hiraga
  • Journal Title: Economics Bulletin Volume: Vol.33, No.1 Pages: 361-371
  • Peer Reviewed
• [Journal Article] How Much Can Corporate Tax Reduction Contribute to Economic Recovery and Feedback of Tax Revenue? (2013)
  • Author(s): Kazuki Hiraga
  • Journal Title: KEIO/KYOTO Global COE Discussion Paper Series Volume: No.20 Pages: 11-21
• [Journal Article] Welfare Analysis of Civil Servants'Wage Bargaining in Mixed-Duopoly Approach (2013)
  • Author(s): Kazuki Hiraga
  • Journal Title: Mimeograph
• [Journal Article] A Note on the Weak Condition of “Globally” Ricardian (2013)
  • Author(s): Kazuki Hiraga
  • Journal Title: Economics Bulletin Volume: 33 Pages: 361-371
  • Peer Reviewed
• [Journal Article] A Note on the weak condition of “Globally” Ricardian (2013)
  • Author(s): Kazuki Hiraga
  • Journal Title: Economics Bulletin Volume: 1巻 Pages: 361-371
  • Peer Reviewed
• [Journal Article] Effects of public investment on sectoral private investment: A factor augmented VAR approach (2013)
  • Author(s): Takao Fujii, Kazuki Hiraga, Masafumi Kozuka
  • Journal Title: Journal of the Japanese and International Economies Volume: 27巻 Pages: 35-47
  • NAID: 210000163277
  • Peer Reviewed
• [Journal Article] Fiscal Sustainable Rule in Overlapped Generations (2011)
  • Author(s): Kazuki Hiraga
  • Journal Title: Mimeograph
• [Journal Article] New Methods for Testing the Sustainability of the Government Debt (2011)
  • Author(s): Kazuki Hiraga
  • Journal Title: KEIO/KYOTO Global COE Discussion Paper Series Volume: No.20 Pages: 11-20
• [Journal Article] New Methods for the Sustainability of the Government Debt (2011)
  • Author(s): Kazuki Hiraga
  • Journal Title: KEIO/KYOTO GLOBAL COE DISCUSSION PAPER SERIES NO2011-20 Volume: 20 Pages: 1-16
• [Presentation] Fiscal Sustainable Rule in Overlapped Generations (2013)
  • Author(s): 平賀一希
  • Organizer: The 69^<th> Congress of International Institute of Public Finance(英語報告)
  • Place of Presentation: Hotel Villa Diodoro (タオルミーナ(イタリア))
• [Presentation] Fiscal Stabilization Rule and Overlapped Generations (2013)
  • Author(s): Kazuki Hiraga
  • Organizer: International Institute of Public Finance The 69th Annual Congress
  • Place of Presentation: Taormina, Sicily, Italy
• [Presentation] How Much Can Corporate Tax Reduction Contribute to Economic Recovery and Feedback of Tax Revenue? (2012)
  • Author(s): 平賀一希
  • Organizer: The 13^<th> Annual Congress of Association for Public Economic Theory(PET12)(英語報告)
  • Place of Presentation: Academia Sinica(台北(台湾))
• [Presentation] New Methods for Testing the Sustainability of the Government Debt (2012)
  • Author(s): 平賀一希
  • Organizer: 日本経済学会2012年度春季大会
  • Place of Presentation: 北海道大学
• [Presentation] New Methods for Testing the Sustainability of the Government Debt (2012)
  • Author(s): 平賀一希
  • Organizer: The 68^<th> Congress of International Institute of Public Finance(英語報告)
  • Place of Presentation: Technische Universität Dresden(ドレスデン(ドイツ))
• [Presentation] New Methods for Testing the Sustainability of Government Debt (2012)
  • Author(s): Kazuki Hiraga
  • Organizer: 日本経済学会
  • Place of Presentation: 北海道大学
• [Presentation] New Methods for Testing the Sustainability of Government Debt (2012)
  • Author(s): Kazuki Hiraga
  • Organizer: International Institute of Public Finance
  • Place of Presentation: Dresden, Germany
• [Presentation] New Methods for Testing the Sustainability of the Government Debt (2011)
  • Author(s): 平賀一希
  • Organizer: 日本財政学会第68回大会
  • Place of Presentation: 成城大学
• [Presentation] How Much Can Corporate Tax Reduction Contribute to Economic Recovery and Feedback of Tax Revenue? (2011)
  • Author(s): 平賀一希
  • Organizer: 日本応用経済学会国際大会(英語報告)
  • Place of Presentation: 関西学院大学
• [Presentation] New Methods for the Sustainability of the Government Debt (2011)
  • Author(s): 平賀 一希
  • Organizer: 日本財政学会
  • Place of Presentation: 成城大学(東京都)
• [Remarks] 江口允崇氏ホームページ
  • URL: https://sites.google.com/site/masatakaeguchi/research
• [Remarks] 江口允崇氏の業績(主に財政破綻や財政政策に関する社会的活動について)
  • URL: https://sites.google.com/site/masatakaeguchi/research