Demographics and the Natural Rate of Interest in Japan is popular PDF and ePub book, written by Mr.Fei Han in 2019-02-15, it is a fantastic choice for those who relish reading online the Social Science genre. Let's immerse ourselves in this engaging Social Science book by exploring the summary and details provided below. Remember, Demographics and the Natural Rate of Interest in Japan can be Read Online from any device for your convenience.
Demographics and the Natural Rate of Interest in Japan Book PDF Summary
Japan’s aging and shrinking population could lower the natural rate of interest and, together with low inflation expectations, challenge the Bank of Japan’s efforts to reflate the economy. This paper uses a semi-structural model to estimate the impact of demographics on the natural rate in Japan. We find that demographic change has a significantly negative impact on the natural rate by lowering trend potential growth. We also find that the negative impact has been increasing over time amid stronger demographic headwinds. These findings highlight the importance of boosting potential growth to offset the negative demographic impact and lift the natural rate in Japan.
Detail Book of Demographics and the Natural Rate of Interest in Japan PDF
- Author : Mr.Fei Han
- Release : 15 February 2019
- Publisher : International Monetary Fund
- ISBN : 9781484396230
- Genre : Social Science
- Total Page : 31 pages
- Language : English
- PDF File Size : 11,5 Mb
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