Fiscal Policy and Management in East Asia
- Contents
- Review Quotes

Introduction
Takatoshi Ito and Andrew K. Rose
I. FISCAL SYSTEMS IN DEVELOPING AND DEVELOPED COUNTRIES
1. Puzzling Tax Structures in Developing Countries: A Comparison of Two Alternative Explanations
Roger Gordon and Wei Li
Comment: Francis T. Lui
Comment: Michael M. Alba
II. THE IMPACT OF GOVERNMENT POLICY ON PRIVATE BEHAVIOR
2. The Direct Substitution between Government and Private Consumption in East Asia
Yum K. Kwan
Comment: Kiyoshi Mitsui
Comment: Mario B. Lamberte
3. Measuring the Effectiveness of Fiscal Policy in Korea
Seok-Kyun Hur
Comment: Wei Li
Comment: Yum K. Kwan
4. Income Risk and the Benefits of Social Insurance: Evidence from Indonesia and the United States
Raj Chetty and Adam Looney
Comment: Roger Gordon
Comment: Mario B. Lamberte
III. INTERNATIONAL LONG-RUN SUSTAINABILITY ISSUES
5. Will China Eat Our Lunch or Take Us to Dinner? Simulating the Transition Paths of the United States, the European Union, Japan, and China
Hans Fehr, Sabine Jokisch, and Laurence J. Kotlikoff
Comment: Yasushi Iwamoto
Comment: Cielito F. Habito
6. External Debt, Adjustment, and Growth
Delano P. Villanueva and Robert S. Mariano
Comment: Francis T. Lui
IV. SUSTAINABILITY: COUNTRY ISSUES
7. Australian Government Balance Sheet Management
Wilson Au-Yeung, Jason McDonald, and Amanda Saygh
Comment: Youngsun Koh
Comment: Corrine Ho
8. Dealing with Contingent Liabilities: The Philippines
Gilberto M. Llanto
Comment: Jason McDonald
Comment: Shigeki Kunieda
9. Reforming the Fiscal Management System in Korea
Youngsun Koh
Comment: Gilberto M. Llanto
Comment: Chong-Hyun Nam
10. Population Aging, Fiscal Policies, and National Saving: Predictions for the Korean Economy
Young Jun Chun
Comment: Laurence J. Kotlikoff
Comment: Shigeki Kunieda
11. Sustainability, Debt Management, and Public Policy in Japan
Takero Doi, Toshihiro Ihori, and Kiyoshi Mitsui
Comment: Dante B. Canlas
12. Policy Options for Financing Future Health and Long-Term Care Costs in Japan
Tadashi Fukui and Yasushi Iwamoto
Comment: Epictetus Patalinghug
Comment: Raj Chetty
Contributors
Author Index
Subject Index
Economics and Business: Business--Business Economics and Management Studies | Economics--Development, Growth, Planning | Economics--Government Finance | Economics--International and Comparative
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