Hidden Bibliographic Details
| Other authors / contributors: | Arbatli, Elif, author.
Botman, Dennis (Dennis Petrus Johannes), author.
Clinton, Kevin, 1944- author.
Cova, Pietro, author.
Gaspar, Vitor, author.
Jakab, Zoltán, author.
Laxton, Douglas, author.
Lonkeng Ngouana, Constant, author.
Mongardini, Joannes, 1970- author.
Wang, Hou, author.
International Monetary Fund. Asia and Pacific Department, issuing body.
International Monetary Fund. Fiscal Affairs Department, issuing body.
International Monetary Fund. Research Department, issuing body.
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| ISBN: | 1475523149
9781475523140
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| ISSN: | 1018-5941
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| Notes: | "August 2016."
Bibliography: pages 28-30.
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| Summary: | "Japan has ambitious economic goals: 3 percent nominal growth; 2 percent inflation; and a primary budget surplus. Abenomics has employed the three arrows of monetary, fiscal and structural policies, but the goals remain out of reach. The authors propose that countercyclical measures be embedded in long-run frameworks that anchor expectations for inflation and public debt. In addition, they argue for an incomes policy to assist reflation. Model simulations suggest that, combined, these proposals would make headway towards the goals, with, on balance, a better chance of success than the more unconventional policy alternatives proposed by Krugman, Svensson, and Turner from a risk-return perspective."--Abstract.
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| Standard no.: | 10.5089/9781475523140.001
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