Macroeconomic Effects of Japan s Demographics Can Structural Reforms Reverse Them is popular PDF and ePub book, written by Mariana Colacelli in 2018-11-28, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Macroeconomic Effects of Japan s Demographics Can Structural Reforms Reverse Them can be Read Online from any device for your convenience.
Macroeconomic Effects of Japan s Demographics Can Structural Reforms Reverse Them Book PDF Summary
Yes, partly. This paper studies the potential role of structural reforms in improving Japan’s outlook using the IMF’s Global Integrated Monetary and Fiscal Model (GIMF) with newly-added demographic features. Implementation of a not-fully-believed path of structural reforms can significantly offset the adverse effect of Japan’s demographic headwinds — a declining and ageing population — on real GDP (by about 15 percent in the next 40 years), but would not boost inflation or contribute substantially to stabilizing public debt. Alternatively, implementation of a fully-credible structural reform program can contribute significantly to stabilizing public debt because of the resulting increase in inflation towards the Bank of Japan’s target, while achieving the same positive long-run effects on real GDP. If no reforms are implemented, severe demographic headwinds are expected to reduce Japan’s real GDP by over 25 percent in the next 40 years.
Detail Book of Macroeconomic Effects of Japan s Demographics Can Structural Reforms Reverse Them PDF
- Author : Mariana Colacelli
- Release : 28 November 2018
- Publisher : International Monetary Fund
- ISBN : 9781484384732
- Genre : Business & Economics
- Total Page : 44 pages
- Language : English
- PDF File Size : 21,7 Mb
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