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BestsellerE-book
Author Han, Fei, author.

Title Demographics and the Natural Rate of Interest in Japan / Mr. Fei Han.

Publication Info. [Washington, D.C.] : International Monetary Fund, [2019]
©2019

Item Status

Description 1 online resource.
text file
Series IMF Working Paper ; WP/19/31
IMF working paper ; WP/19/31.
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.
Local Note eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America
Subject Age distribution (Demography) -- Economic aspects -- Japan.
Age distribution (Demography) -- Economic aspects.
Japan.
Age distribution (Demography)
Aging -- Economic aspects -- Japan.
Aging -- Economic aspects.
Interest rates -- Japan.
Interest rates.
Japan -- Population -- Economic aspects.
Population.
Population -- Economic aspects.
Genre/Form Electronic books.
Added Author International Monetary Fund, issuing body.
ISBN 1498301207
9781498301206 (electronic book)