Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Asia and Pacific Department, issuing body.
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| ISBN: | 1283556545
9781283556545
9781455247837
1455247839
9781455214822
1455214825
9781455211913
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| Notes: | Title from PDF title page (IMF Web site, viewed March 24, 2011).
At head of titleA: Asia and Pacific Department.
"January 2011."
Title from PDF title page (IMF, viewed Oct. 21, 2011).
Includes bibliographical references (page 14).
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| Summary: | With Japans 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 IMFs 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.
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| Other form: | Print version: Berkmen, Pelin. Impact of Fiscal Consolidation and Structural Reforms on Growth in Japan. Washington : International Monetary Fund, ©2011 9781455211913
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