Showing 1 - 10 of 19
Yes, partly. This paper studies the potential role of structural reforms in improving Japan's outlook using the IMF …-fully-believed path of structural reforms can significantly offset the adverse effect of Japan's demographic headwinds - a declining and … significantly to stabilizing public debt because of the resulting increase in inflation towards the Bank of Japan's target, while …
Persistent link: https://www.econbiz.de/10011978382
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 …
Persistent link: https://www.econbiz.de/10012009291
The paper develops a general equilibrium framework to examine the economic implications of population aging in Japan … assess the impact of aging on Japan''s government finances; and (ii) compare fiscal policy options with respect to their … implications of population aging in Japan. Particular attention is paid to aggregate saving behavior which is modeled on the basis …
Persistent link: https://www.econbiz.de/10014403649
Japan has the most rapidly aging population in the world. This affects growth and fiscal sustainability, but the …
Persistent link: https://www.econbiz.de/10014411443
economies—Hong Kong SAR, Japan, Singapore, Malaysia, and the Philippines—for the period 1997–2050 using a simulation approach …. These calculations show the sensitivity of results to changing demographic structures on employment participation, labor …
Persistent link: https://www.econbiz.de/10014399958
Building on the evolving literature on the topic, this paper reviews the relationship between demographics and long-run capital flows in both theory and in the data. For this purpose, we develop a two region overlapping generations model where countries differ in their population growth and...
Persistent link: https://www.econbiz.de/10011978549
This paper studies the effect of demographic change on national saving, global interest rates, and international capital flows, focusing on the role of the public pension system. We develop a small open economy overlapping generations model to illustrate the channels through which demographic...
Persistent link: https://www.econbiz.de/10011978553
China's high national savings rate-one of the highest in the world-is at the heart of its external/internal imbalances. High savings finance elevated investment when held domestically, or lead to large external imbalances when they flow abroad. Today, high savings mostly emanate from the...
Persistent link: https://www.econbiz.de/10011978615
We study, both empirically and quantitatively, the role of savings and the labor supply in self-insurance channels over the life cycle when one faces not only idiosyncratic income risks, but also changes in longevity risk and pension benefits. We pick China as a case study since China has...
Persistent link: https://www.econbiz.de/10012009609
Persistent link: https://www.econbiz.de/10010479415