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Japan’s gross government debt of 226% of GDP in 2018 is the highest ever recorded in the OECD area, and places the … infrastructure across jurisdictions and the development of compact cities in the context of depopulation in many parts of Japan … to ensure fiscal sustainability. This Working Paper relates to the 2019 OECD Economic Survey of Japan (http://www.oecd.org/economy/japan-economic-snapshot/) …
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Advanced economies face two important trends: population aging and rising debt. In the coming years it will be critical to understand how policies undertaken by governments interact with their changing age structures. In a panel of advanced economies, I show that fiscal deficit consolidation...
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