The Domestic and Global Impact of Japan's Policies for Growth /

Japan is facing a sizable fiscal imbalance against a backdrop of weak trend growth and growing external imbalances in the world economy. This paper examines the possible impact of fiscal adjustment and productivity-enhancing structural reforms on the Japanese and world economies. Simulation results...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Batini, Nicoletta
Weitere Verfasser: N'Diaye, Papa, Rebucci, Alessandro
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2005.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2005/209
Online Zugang:Full text available on IMF
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100 1 |a Batini, Nicoletta. 
245 1 4 |a The Domestic and Global Impact of Japan's Policies for Growth /  |c Nicoletta Batini, Alessandro Rebucci, Papa N'Diaye. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2005. 
300 |a 1 online resource (22 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Japan is facing a sizable fiscal imbalance against a backdrop of weak trend growth and growing external imbalances in the world economy. This paper examines the possible impact of fiscal adjustment and productivity-enhancing structural reforms on the Japanese and world economies. Simulation results indicate that these could reduce substantially Japan's fiscal imbalance with only limited spillovers to the rest of the world. Specifically, faster productivity growth would help lower Japan's debt and limit the tendency of fiscal consolidation to increase the external surplus. In fact, very rapid productivity growth could potentially lead to a decline in Japan's external surplus and thereby have a positive effect on global imbalance. The modest extent of the spillovers to the rest of the world reflect the small size of the shocks and the diminished size of Japan in the world economy. 
538 |a Mode of access: Internet 
700 1 |a N'Diaye, Papa. 
700 1 |a Rebucci, Alessandro. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2005/209 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2005/209/001.2005.issue-209-en.xml  |z IMF e-Library