Journal Article Fiscal stimulus effectiveness in Japan: evidence from recent policies

Miyazaki, Tomomi

48 ( 27 )  , pp.2506 - 2515 , 2016-06 , Taylor & Francis
This paper examines the effects of Japanese fiscal policy after the 2008 global financial crisis using a mixed vector autoregression/event study approach. We focus on the effects of stimulus packages with environmental benefits. The empirical results show that a tax break and subsidy program designed to promote the adoption of eco-friendly cars helped stimulate automobile production, while a similar program intended to promote the purchase of energy-efficient appliances had no effect on appliance production.

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