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|z 9781484384732
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Colacelli, Mariana.
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|a Macroeconomic Effects of Japan's Demographics :
|b Can Structural Reforms Reverse Them? /
|c Mariana Colacelli, Emilio Fernandez Corugedo.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2018.
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|a 1 online resource (44 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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.
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|a Mode of access: Internet
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|a Corugedo, Emilio Fernandez.
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|a IMF Working Papers; Working Paper ;
|v No. 2018/248
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2018/248/001.2018.issue-248-en.xml
|z IMF e-Library
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