Japan has the most rapidly aging population in the world. This affects growth and fiscal sustainability, but the … potential impact on inflation has been studied less. We use the IMF’s Global Integrated Fiscal and Monetary Model (GIMF) and … advanced countries as well, but we find that deflation risk from aging is not inevitable as ambitious structural reforms and an …

, larger price deflation, relative to inflation, moderates output contraction, relative to expansion in the face of government … output growth, price inflation, wage inflation, and real wage growth vary with respect to anticipated and unanticipated … factor in differentiating the expansionary and contractionary effects of fiscal and monetary shocks. Higher price inflation …

This paper presents an empirical investigation of inflation dynamics in Libya over the period 1964–2010, using … cointegration and error correction models. While inflation inertia is found to be a key determinant of consumer price inflation, the … econometric results indicate that government spending, money supply growth, global inflation, and exchange rate pass-through play …

This 2013 Article IV Consultation highlights that on the back of new policy framework, growth in Japan accelerated … yen. Inflation expectations have started to increase, and actual inflation recorded positive growth in June. The near …

bolstering the economy’s resilience to shocks and fostering productivity growth. Inflation is a priority and monetary policy … cannot fight inflation alone; concerted efforts on other fronts are also necessary. Near-term fiscal policy could better …

, indicating a stronger growth outlook for the second half of 2013. The near-term outlook is for moderate growth and inflation at …

monetary policy and exchange rate decisions more closely with its inflation. Maintaining central bank independence and …

stance given the upside risks to inflation. …