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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
and associated inflation expectations for the United States, Australia, Canada, France, Sweden, Japan, and the United …
Persistent link: https://www.econbiz.de/10014400687
This paper empirically analyzes Japanese long-run exchange rates from several perspectives. Several exchange rate models are considered, including the purchasing power parity, the real interest differential model, and the hybrid models à la Hooper and Morton (1982). A notable feature of the...
Persistent link: https://www.econbiz.de/10014401719
This paper separates the roles of demand for housing services and belief about future house prices in a house price cycle, by utilizing a feature of user-cost-of-housing that it is sensitive to demand for housing services only. Optimality conditions of producing housing services determine...
Persistent link: https://www.econbiz.de/10012009613
The negative and stable relationship between an economy's aggregate demand conditions and overall unemployment is well-documented. We show that there is a large degree of heterogeneity in the cyclical sensitivities of unemployment across worker and economy groups. First, unemployment is more...
Persistent link: https://www.econbiz.de/10012796190
Korea's economy has leaped to high-income status thanks to several decades of sustained high growth. However, population aging and shifts in global demand provide headwinds for future growth and Korea now faces the effects of COVID-19 on economic activity. This paper asseses the expected drag on...
Persistent link: https://www.econbiz.de/10012604751
-investment imbalance owing to declining productivity and a rotation in demographics increasing the demand for precautionary saving and …
Persistent link: https://www.econbiz.de/10012604759
of the macroeconomic consequences of changing demographics …
Persistent link: https://www.econbiz.de/10012300678
Digital connectivity, including through the modern cellular network technologies, is expected to play a key role for the Future of Work in sub-Saharan Africa (SSA). We estimate the cost of introducing a full-scale 4G network by 2025 in SSA and an operable 5G network by 2040. We adapt the costing...
Persistent link: https://www.econbiz.de/10012154757
Building on the evolving literature on the topic, this paper reviews the relationship between demographics and long … countries differ in their population growth and mortality risk. Besides exploring the implications of demographics for saving …
Persistent link: https://www.econbiz.de/10011978549