Format:
1 Online-Ressource (circa 47 Seiten)
,
Illustrationen
ISBN:
9781475523140
Series Statement:
IMF working paper WP/16, 157
Content:
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. We propose that countercyclical measures be embedded in long-run frameworks that anchor expectations for inflation and public debt. In addition, we 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
Additional Edition:
Erscheint auch als Druck-Ausgabe Arbatli Saxegaard, Elif Reflating Japan: Time to Get Unconventional? Washington, D.C. : International Monetary Fund, 2016 ISBN 9781475523140
Language:
English
Keywords:
Arbeitspapier
;
Graue Literatur
DOI:
10.5089/9781475523140.001
URL:
Volltext
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URL:
Volltext
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Author information:
Gaspar, Vítor 1960-