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The 1990s saw an era of fiscal consolidation in industrialised countries, which struggled with fiscal deficits throughout the 1970s and 1980s. Reforms in public expenditure management, typically the introduction of fiscal rules and targets, together with favourable economic growth contributed to...
Persistent link: https://www.econbiz.de/10009365424
Japan has reached the limits of conventional macroeconomic policy. In order to overcome deflation and achieve sustainable economic growth, the Bank of Japan (BOJ) recently set an inflation target of 2% and implemented an aggressive monetary policy so this target could be achieved as soon as...
Persistent link: https://www.econbiz.de/10011134352
“Abenomics†refers to the economic policies advocated by Prime Minister Shinzo Abe who became prime minister of Japan for a second time when his party, the Liberal Democratic Party, won an overwhelming majority at the general election in December 2012. Abenomics has “three...
Persistent link: https://www.econbiz.de/10011134366
Japan has reached the limits of conventional macroeconomic policy. In order to overcome deflation and achieve sustainable economic growth, the Bank of Japan (BOJ) recently set an inflation target of 2% and implemented an aggressive monetary policy so this target could be achieved as soon as...
Persistent link: https://www.econbiz.de/10011134385
“Abenomics†refers to the economic policies advocated by Prime Minister Shinzo Abe who became prime minister of Japan for a second time when his party, the Liberal Democratic Party, won an overwhelming majority at the general election in December 2012. Abenomics has “three...
Persistent link: https://www.econbiz.de/10011134392
considerable underemployment and where additional demand can create its own additional supply, (b) mobilize domestic savings for …
Persistent link: https://www.econbiz.de/10009363534
trend of down pressure on the saving rate with high probability. On the other hand, it might be difficult to forecast the …
Persistent link: https://www.econbiz.de/10009363835
, telecommunications, water, and sanitation during 20102020 (ADB/ADBI 2009). Asia has large savings, significant international reserves …Asia faces very large infrastructure funding demands, estimated at around US$750 billion per year for energy, transport … topics : First, what are the lessons for Asia from the European Unions experience of developing and integrating financial …
Persistent link: https://www.econbiz.de/10009363885
Old-age income support is becoming an issue of growing importance throughout Asia. This is especially true in East and … Southeast Asia where the population is aging. This paper provides a broad overview of the current state of pension systems in …
Persistent link: https://www.econbiz.de/10011277964
Rapid population ageing and economic transformation in Asia raise the policy challenge of ensuring income security in … schemes in Asia, informed by insights from theory and international experience. The paper identifies alternative forms of …
Persistent link: https://www.econbiz.de/10011277969