Managing Public Investment Funds: Best Practices and New Challenges
---- Acknowledgements ----
Funding for this research was provided by the Economic and Social Research Institute/Cabinet Level/ Government of Japan, the Pension Research Council, and the Australian Research Council. We are grateful to Eric Hou for his research assistance and for comments from Yoshibumi Aso, Junichi Sakamoto, Hideaki Tanaka, and participants at the 2008 ESRI meetings. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.