2016 Fiscal Year Final Research Report
A Theoretical Analysis of Household Heterogeneity and the Effects of Consumption Taxation: Reallocation and Macroeconomic Dynamics
| Project/Area Number |
25780174
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Multi-year Fund |
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| Research Field |
Economic policy
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| Research Institution | Meisei University |
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Principal Investigator |
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| Project Period (FY) |
2013-04-01 – 2017-03-31
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| Keywords | 消費税 / 財政 / マクロ経済学 |
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| Outline of Final Research Achievements |
In this project, we analyzed the relationship between household heterogeneity and the effects of consumption taxation theoretically, constructing a modern macroeconomic model. In particular, focusing on the reallocation effect among heterogeneous households, we studied the feature of dynamics of aggregate variables.
In addition, we found that the expansion of public debt and the measure to reduce it were significant issue in terms of designing the consumption taxation system. We provided a theoretical analysis this problem in the case of fiscal discipline that the Euro area actually adopted.
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| Free Research Field |
マクロ経済学
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