Hidden Bibliographic Details
| Other authors / contributors: | McKibbin, Warwick J., 1957-
International Monetary Fund. Asia and Pacific Department.
International Monetary Fund. Regional Office for Asia and the Pacific.
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| ISBN: | 1451900554
9781451900552
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| Notes: | Cover title.
"September 2001"--Page 1
Includes bibliographical references (pages 55-56).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2011.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2011 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | This paper uses the G-Cubed (Asia-Pacific) model-a macroeconomic model with rich cross-country links-to explore the implications for Japan and Asia of several shocks to the Japanese economy. The results suggest that, while fiscal consolidation in Japan would initially dampen domestic growth, over the medium term the impact on both the domestic and regional economies would be positive. Quantitative monetary easing in Japan would boost domestic activity in the short-run, while being basically neutral for the region. Finally, a loss of confidence in the yen would be negative for Japan, but positive for the region because of a reallocation of capital flows toward non-Japan Asia.
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| Other form: | Print version: Callen, Tim. Policies and prospects in Japan and the implications for the Asia-Pacific region. [Washington, D.C.] : International Monetary Fund, Asia and Pacific Dept. and the Regional Office for Asia and the Pacific, ©2001
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| Standard no.: | 10.5089/9781451900552.001
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