It takes the average reader and 44 minutes to read Macroeconomic Effects of Japan’s Demographics: Can Structural Reforms Reverse Them? by Mariana Colacelli
Assuming a reading speed of 250 words per minute. Learn more
Yes, partly. This paper studies the potential role of structural reforms in improving Japan’s outlook using the IMF’s Global Integrated Monetary and Fiscal Model (GIMF) with newly-added demographic features. Implementation of a not-fully-believed path of structural reforms can significantly offset the adverse effect of Japan’s demographic headwinds — a declining and ageing population — on real GDP (by about 15 percent in the next 40 years), but would not boost inflation or contribute substantially to stabilizing public debt. Alternatively, implementation of a fully-credible structural reform program can contribute significantly to stabilizing public debt because of the resulting increase in inflation towards the Bank of Japan’s target, while achieving the same positive long-run effects on real GDP. If no reforms are implemented, severe demographic headwinds are expected to reduce Japan’s real GDP by over 25 percent in the next 40 years.
Macroeconomic Effects of Japan’s Demographics: Can Structural Reforms Reverse Them? by Mariana Colacelli is 44 pages long, and a total of 11,176 words.
This makes it 15% the length of the average book. It also has 14% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 1 minute to read Macroeconomic Effects of Japan’s Demographics: Can Structural Reforms Reverse Them? aloud.
Macroeconomic Effects of Japan’s Demographics: Can Structural Reforms Reverse Them? is suitable for students ages 8 and up.
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