Is Japan s Population Aging Deflationary is popular PDF and ePub book, written by Mr.Derek Anderson in 2014-08-04, 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, Is Japan s Population Aging Deflationary can be Read Online from any device for your convenience.
Is Japan s Population Aging Deflationary Book PDF Summary
Japan has the most rapidly aging population in the world. This affects growth and fiscal sustainability, but the potential impact on inflation has been studied less. We use the IMF’s Global Integrated Fiscal and Monetary Model (GIMF) and find substantial deflationary pressures from aging, mainly from declining growth and falling land prices. Dissaving by the elderly makes matters worse as it leads to real exchange rate appreciation from the repatriation of foreign assets. The deflationary effects from aging are magnified by the large fiscal consolidation need. Many of these factors will beset other advanced countries as well, but we find that deflation risk from aging is not inevitable as ambitious structural reforms and an aggressive monetary policy reaction can provide the offset.
Detail Book of Is Japan s Population Aging Deflationary PDF
- Author : Mr.Derek Anderson
- Release : 04 August 2014
- Publisher : International Monetary Fund
- ISBN : 9781498392129
- Genre : Social Science
- Total Page : 23 pages
- Language : English
- PDF File Size : 15,9 Mb
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