Public Finance in an Overlapping Generations Economy

1. Front Matter

   Pages i-xiii

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2. Introduction

   • Toshihiro Ihori

   Pages 1-18

3. The Model

   • Toshihiro Ihori

   Pages 19-41

4. Tax Policy

   • Toshihiro Ihori

   Pages 42-72

5. Simulation Studies

   • Toshihiro Ihori

   Pages 73-98

6. Public Spending

   • Toshihiro Ihori

   Pages 99-115

7. The Open Economy

   • Toshihiro Ihori

   Pages 116-143

8. Money

   • Toshihiro Ihori

   Pages 144-175

9. Land

   • Toshihiro Ihori

   Pages 176-197

10. Government Debt

    • Toshihiro Ihori

    Pages 198-224

11. Social Security

    • Toshihiro Ihori

    Pages 225-241

12. Intergenerational Transfers

    • Toshihiro Ihori

    Pages 242-271

13. Back Matter

    Pages 272-297

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This book presents a theoretically-based comprehensive analysis of macroeconomic consequences of fiscal policy using a popular economic model: the overlapping generations growth model. A wide range of essential public finance issues is analyzed, including the effects of tax reform on dynamic efficiency, positive and normative effects of public spending, considerations of taxes on fixed assets and monetary holdings, and sustainability of deficits. A unique approach is applied in the study of public finance: one expected to generate substantial interest among current graduate students and active researchers.

• fiscal policy
• growth
• macroeconomics
• money
• public finance

• Department of Economics, University of Tokyo, Japan

  Toshihiro Ihori

TOSHIHIRO IHORI

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