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Global growth slowed in 2015. While we forecast the world economy to gradually gain momentum over the coming two years, the upturn is expected to be slow. PPP-weighted global GDP is expected to increase by 3.1 per cent this year followed by 3.4 and 3.8 per cent in 2016 and 2017, respectively....
Persistent link: https://www.econbiz.de/10012061563
Following a weak start into 2015, the global economy is expected to pick up again in the course of this year. Average annual world output growth will nevertheless remain sluggish at 3.4 percent on a purchasing power parity weighted basis, before accelerating modestly to 3.8 percent next year....
Persistent link: https://www.econbiz.de/10012061571
World economic growth is expected to strengthen gradually over the coming two years. World output is expected to rise by 3.7 and 3.9 percent in 2015 and 2016, respectively, following an increase of 3.4 percent in the current year. Growth is projected to accelerate predominantly in the advanced...
Persistent link: https://www.econbiz.de/10012061611
Japan's aging and shrinking population could lower the natural rate of interest and, together with low inflation … expectations, challenge the Bank of Japan's efforts to reflate the economy. This paper uses a semi-structural model to estimate the … impact of demographics on the natural rate in Japan. We find that demographic change has a significantly negative impact on …
Persistent link: https://www.econbiz.de/10012009291
elevated. However, this paper shows that the Bank of Japan's (BoJ) highly accommodative monetary policy is primarily … developments in Japan to the evolution of JGBs' long-term interest rates. …
Persistent link: https://www.econbiz.de/10012111011
Persistent link: https://www.econbiz.de/10012016671
transmission of monetary policies of the United States, the euro area, Japan, and the United Kingdom. Two other studies use …
Persistent link: https://www.econbiz.de/10011824865
This paper assesses the effects of the most recent monetary policy behavior of the Bank of Japan (BOJ) (in particular …
Persistent link: https://www.econbiz.de/10011843914
bond yields. It shows that the low short-term interest rate, induced by the Bank of Japan's (BoJ) accommodative monetary …. These findings are relevant to ongoing policy debates in Japan and other advanced countries about government bond yields …
Persistent link: https://www.econbiz.de/10011844127
transmission of monetary policies of the U.S., euro area, Japan, and United Kingdom. Two other studies use international data with …
Persistent link: https://www.econbiz.de/10011877813