The impact of fiscal consolidation and structural reforms on growth in Japan /

Saved in:
Bibliographic Details
Author / Creator:Berkmen, Pelin, author.
Imprint:[Washington, D.C.] : International Monetary Fund, ©2011.
Description:1 online resource (21 pages)
Language:English
Series:IMF working paper ; WP/11/13
IMF working paper ; WP/11/13.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12498951
Hidden Bibliographic Details
Other authors / contributors:International Monetary Fund. Asia and Pacific Department, issuing body.
ISBN:1283556545
9781283556545
9781455247837
1455247839
9781455214822
1455214825
9781455211913
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).
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.
Other form:Print version: Berkmen, Pelin. Impact of Fiscal Consolidation and Structural Reforms on Growth in Japan. Washington : International Monetary Fund, ©2011 9781455211913

MARC

LEADER 00000cam a2200000Ia 4500
001 12498951
006 m o d
007 cr cn|||||||||
008 110408s2011 dcu ob i000 0 eng d
005 20240822221554.4
019 |a 808671514  |a 817808081  |a 867927205  |a 893680103 
020 |a 1283556545 
020 |a 9781283556545 
020 |a 9781455247837 
020 |a 1455247839 
020 |a 9781455214822  |q (e-book) 
020 |a 1455214825  |q (e-book) 
020 |z 9781455211913 
035 9 |a (OCLCCM-CC)711871682 
035 |a (OCoLC)711871682  |z (OCoLC)808671514  |z (OCoLC)817808081  |z (OCoLC)867927205  |z (OCoLC)893680103 
040 |a DJB  |b eng  |e pn  |c DJB  |d CUS  |d MYG  |d IDEBK  |d OCLCQ  |d OCLCA  |d OCLCF  |d OCLCQ  |d OCLCO  |d EBLCP  |d DEBSZ  |d YDXCP  |d OCLCO  |d E7B  |d VT2  |d CUS  |d OCLCO  |d OCLCQ  |d OCLCO  |d OCLCQ  |d MERUC  |d NLC  |d OCLCQ  |d CEF  |d OCLCQ  |d OCLCO 
043 |a a-ja--- 
049 |a MAIN 
050 4 |a HJ1391  |b .B47 2011eb 
050 4 |a HG3881.5.I58  |b W67 No. 11/13eb 
100 1 |a Berkmen, Pelin,  |e author.  |0 http://id.loc.gov/authorities/names/no2005060476 
245 1 4 |a The impact of fiscal consolidation and structural reforms on growth in Japan /  |c S. Pelin Berkman. 
260 |a [Washington, D.C.] :  |b International Monetary Fund,  |c ©2011. 
300 |a 1 online resource (21 pages) 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a IMF working paper ;  |v WP/11/13 
500 |a Title from PDF title page (IMF Web site, viewed March 24, 2011). 
500 |a At head of titleA: Asia and Pacific Department. 
500 |a "January 2011." 
520 |a 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. 
504 |a Includes bibliographical references (page 14). 
500 |a Title from PDF title page (IMF, viewed Oct. 21, 2011). 
505 0 |a Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. The Model; III. Calibration; IV. Impact of Fiscal Consolidation on Growth; V. Impact of Combined Policy Package of Fiscal Consolidation and Structural Reforms; 1. Fiscal Consolidation and Structural Reforms in Japan; VI. Spillovers from the Rest of the World; 2. Fiscal Consolidation and Structural Reforms in Japan and the Rest of the Regions; VII. Conclusions; Appendix; 1. Long Run Growth Rates and Interest Rates; 2. Utility Functions; 3. Elasticities of Substitution; 4. Steady State Markups. 
505 8 |a 5. Steady State Expenditure to GDP Ratios6. Steady State Factor Shares and Depreciation Rates; 7. Miscellaneous Steady State Ratios and Parameters; 8. Financial Accelerator; 9. Monetary Rule Parameters; 10. Fiscal Rule Parameters; References; Footnotes. 
650 0 |a Fiscal policy  |z Japan  |x Econometric models. 
650 0 |a Monetary policy  |z Japan  |x Econometric models. 
650 0 |a Structural adjustment (Economic policy)  |z Japan  |x Econometric models. 
650 6 |a Politique fiscale  |z Japon  |x Modèles économétriques. 
650 6 |a Politique monétaire  |z Japon  |x Modèles économétriques. 
650 6 |a Ajustement structurel (Économie)  |z Japon  |x Modèles économétriques. 
650 7 |a Fiscal policy  |x Econometric models.  |2 fast  |0 (OCoLC)fst00925810 
650 7 |a Monetary policy  |x Econometric models.  |2 fast  |0 (OCoLC)fst01025234 
650 7 |a Structural adjustment (Economic policy)  |x Econometric models.  |2 fast  |0 (OCoLC)fst01135590 
651 7 |a Japan.  |2 fast  |0 (OCoLC)fst01204082 
655 4 |a Electronic books. 
710 2 |a International Monetary Fund.  |b Asia and Pacific Department,  |e issuing body.  |0 http://id.loc.gov/authorities/names/no97006778 
776 0 8 |i Print version:  |a Berkmen, Pelin.  |t Impact of Fiscal Consolidation and Structural Reforms on Growth in Japan.  |d Washington : International Monetary Fund, ©2011  |z 9781455211913 
830 0 |a IMF working paper ;  |v WP/11/13.  |0 http://id.loc.gov/authorities/names/no89010263 
856 4 0 |u http://elibrary.imf.org/view/journals/001/2011/013/001.2011.issue-013-en.xml  |y INTERNATIONAL MONETARY FUND 
929 |a oclccm 
999 f f |i 437cbe80-5216-5284-bbd7-45901c9cc1b8  |s 308b21eb-c877-5daa-b90a-5e5934d943e5 
928 |t Library of Congress classification  |a HJ1391.B47 2011eb  |l Online  |c UC-FullText  |u http://elibrary.imf.org/view/journals/001/2011/013/001.2011.issue-013-en.xml  |z INTERNATIONAL MONETARY FUND  |g ebooks  |i 12143055