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The Impact of Fiscal Consolidation and Structural Reformson Growth in Japan.pdf

The Impact of Fiscal Consolidation and Structural Reformson Growth in Japan true
By:Pelin Berkmen
Published on 2011-01-01 by International Monetary Fund


With Japan’s public debt reaching historical levels, the need for fiscal consolidation and structural reforms have increased. As fiscal consolidation will require a sustained and large adjustment in the fiscal balance, its growth effect is a concern particularly for the short run. This paper uses the IMF’s Global Integrated Monetary and Fiscal Model to analyze the growth impact of fiscal consolidation and structural reforms. Although fiscal consolidation has short-term costs, the potential long-term benefits are considerable, and reforms that raise potential growth could support consolidation. Simulations show that the external environment also matters but domestic policies should be the priority.

This Book was ranked at 8 by Google Books for keyword Consolidation.

Book ID of The Impact of Fiscal Consolidation and Structural Reformson Growth in Japan's Books is 9DnK2tHbxmoC, Book which was written byPelin Berkmenhave ETAG "XknDum4CX4o"

Book which was published by International Monetary Fund since 2011-01-01 have ISBNs, ISBN 13 Code is 9781455214822 and ISBN 10 Code is 1455214825

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Book which have "21 Pages" is Printed at BOOK under CategoryBusiness and Economics

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