Fiscal policy and crisis.

• Position: Conferences

The 23rd NBER-TCER-CEPR Conference on "Fiscal Policy and Crisis" took place in Tokyo on December 16-17, 2010. These conferences are sponsored jointly by the Centre for Economic Policy Research in London, NBER, and the Tokyo Center for Economic Research. Organizers Shin-ichi Fukuda, University of Tokyo and TCER, Takeo Hoshi, University of California, San Diego and NBER, and Eric Leeper, Indiana University and NBER, chose these papers to discuss:

* Troy Davig, Federal Reserve Bank of Kansas City, and Eric Leeper, "Temporarily Unstable Government Debt and Inflation"

* Shin-ichi Fukuda and Junji Yamada, University of Tokyo and TCER, " 'Stock Price Targeting' and Fiscal Deficit in Japan: Why was Japan's Fiscal Deficit Accelerated in the Lost Decades ?"

* Masaya Sakuragawa, Keio University, and Kaoru Hosono, Gakushuin University, "Fiscal Sustainability in Japan"

* David Cook, HKUST, and Michael B. Devereux, University of British Columbia and NBER, and...