Batini, Nicoletta; Rebucci, Alessandro; Papa M'B. P. N'Diaye - International Monetary Fund (IMF) - 2005
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 …