The solid economic performance has been enabled by a number of government monetary and fiscal stimulus
Behind this word there is a mixture of monetary easing policies, initial short-term fiscal stimulus
and a number of long-term structural reforms, designed to overcome Japan's vicious cycle of deflation and low growth.
We were taught Keynesian economics and learned the virtue of fiscal stimulus
in case aggregate demand was insufficient to ensure full employment.
Recovery attributed to monetary and fiscal stimulus
policies, reports KT Press
The IMF has backed Abenomics, which combines aggressive monetary easing and fiscal stimulus
with structural reforms.
THE FEDERAL GOVERNMENT responded to the financial crisis and recession that began in 2007-08 with an unprecedented fiscal stimulus
Julian Jessop, Chief Global Economist at Capital Economics, opines that "hopes that yet more fiscal stimulus
will transform the prospects for Japan's economy, or at least make a meaningful difference to GDP in the next year or so, are overdone".
11 ( ANI ): Japan, battered by weak exports and recession, has unveiled a 117 billion dollars fiscal stimulus
package in a bid to boost growth.
This article contains five sections that develop the following five points: (1) There is confusion about what constitutes fiscal stimulus
; (2) economists are deeply divided about fiscal stimulus
; (3) A fundamental error has been committed by an influential economist in estimating the recession magnitude of the Keynesian multiplier; (4) A fundamental error has been committed by two influential economists in their analysis of the impact of the 2008 tax rebate on consumption spending; and (5) advocates of fiscal stimulus
in recession should support keeping government debt low in prosperity.
Greg Kaplan, University of Pennsylvania and NBER, and Giovanni Violante, New York University and NBER, "A Model of the Consumption Response to Fiscal Stimulus
Payments" (NBER Working Paper No.
The five professors said capital investment is needed, arguing that "only through this form of fiscal stimulus
can the UK hope to create a virtuous cycle of jobs, growth and confidence".
The group warned that Labour's Plan B fiscal stimulus
package of tax cuts and state spending to boost growth and jobs would be "the worst response" Britain could make to the debt crisis in the eurozone.