Apr, 2014 - Mar, 2019
Fiscal Policy in a Crisis: Intergenerational Risk Sharing through Tax System
Japan Society for the Promotion of Science Grants-in-Aid for Scientific Research Grant-in-Aid for Scientific Research (C) Grant-in-Aid for Scientific Research (C)
- Grant number
- 26380037
- Japan Grant Number (JGN)
- JP26380037
- Authorship
- Principal investigator
- Grant amount
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- (Total)
- 4,160,000 Japanese Yen
- (Direct funding)
- 3,200,000 Japanese Yen
- (Indirect funding)
- 960,000 Japanese Yen
The private market cannot well diversify a huge risk, such as an economic crisis and a nuclear accident. This is because the private market cannot diversify those risks among generations. This research project reveals the condition under which the governmental financial supports for a crisis can diversify (or share) those undiversifiable risks among generations through the tax systems and the government bonds.
- Link information
- ID information
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- Grant number : 26380037
- Japan Grant Number (JGN) : JP26380037