Stimulating Demand " In 1999, the Japanese Government handed out "shopping coupons" worth 20,000 yen (about 200 US dollars) to families for every child under the age of 15 and to roughly half of Japan's elderly population. In total, 25 percent of Japan's population received the coupons. The coupons expired after six months and had to be spent within the recipient's local community. "Did the Shopping Coupon Program Stimulate Consumption? Evidence from Japanese Micro Data" investigates whether these coupons were successful in increasing consumption. Published by the Economic and Social Research Institute.

By Economic and Social Research Institute , Japan

Macro Economic Policy Resource.