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Zombies on the Brink: Evidence from Japan on the Reversal of Monetary Policy Effectiveness

Zombies on the Brink: Evidence from Japan on the Reversal of Monetary Policy Effectiveness »

Volume/Issue: 2021/044

Series: IMF Working Papers

Author(s): Gee Hee Hong , Deniz Igan , and Do Lee

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 February 2021

DOI: http://dx.doi.org/10.5089/9781513570037.001

ISBN: 9781513570037

Keywords: Unconventional monetary policies, Currencies, Financial statements, Yield curve, Debt reduction, Transmission of unconventional monetary policy, Quantitative easing, Reversal rate, Zombie firms, Corporate balance sheet

How does unconventional monetary policy affect corporate capital structure and investment decisions? We study the transmission channel of quantitative easing and its potential diminishing returns on investment from...

Zombies on the Brink: Evidence from Japan on the Reversal of Monetary Policy Effectiveness

Zombies on the Brink: Evidence from Japan on the Reversal of Monetary Policy Effectiveness »

Source: Zombies on the Brink: Evidence from Japan on the Reversal of Monetary Policy Effectiveness

Volume/Issue: 2021/044

Series: IMF Working Papers

Author(s): Gee Hee Hong , Deniz Igan , and Do Lee

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 February 2021

ISBN: 9781513570037

Keywords: Unconventional monetary policies, Currencies, Financial statements, Yield curve, Debt reduction, Transmission of unconventional monetary policy, Quantitative easing, Reversal rate, Zombie firms, Corporate balance sheet

How does unconventional monetary policy affect corporate capital structure and investment decisions? We study the transmission channel of quantitative easing and its potential diminishing returns on investment from...

Japan's Foreign Assets and Liabilities: Implications for the External Accounts

Japan's Foreign Assets and Liabilities: Implications for the External Accounts »

Volume/Issue: 2021/026

Series: IMF Working Papers

Author(s): Mariana Colacelli , Deepali Gautam , and Cyril Rebillard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2021

DOI: http://dx.doi.org/10.5089/9781513568270.001

ISBN: 9781513568270

Keywords: Income, Trade balance, Current account balance, Credit, Real effective exchange rates, NFA, Japan, Current Account, Income Account, Income Balance

The composition of Japan's current account balance has changed over time, with an increasing income balance primarily reflecting a growing net foreign asset position and higher corporate saving. A comparison of Jap...

Japan's Foreign Assets and Liabilities: Implications for the External Accounts1

Japan's Foreign Assets and Liabilities: Implications for the External Accounts1 »

Source: Japan's Foreign Assets and Liabilities: Implications for the External Accounts

Volume/Issue: 2021/026

Series: IMF Working Papers

Author(s): Mariana Colacelli , Deepali Gautam , and Cyril Rebillard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2021

ISBN: 9781513568270

Keywords: Income, Trade balance, Current account balance, Credit, Real effective exchange rates, NFA, Japan, Current Account, Income Account, Income Balance

The composition of Japan's current account balance has changed over time, with an increasing income balance primarily reflecting a growing net foreign asset position and higher corporate saving. A comparison of Jap...

Some Alternative Monetary Facts

Some Alternative Monetary Facts »

Volume/Issue: 2021/006

Series: IMF Working Papers

Author(s): Peter Stella , Manmohan Singh , and Apoorv Bhargava

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

DOI: http://dx.doi.org/10.5089/9781513566429.001

ISBN: 9781513566429

Keywords: Monetary base, Monetary aggregates, Inflation, Currencies, Demand for money, money aggregates, monetary financing, central bank balance sheet, WP, bank reserves

In this paper, we discuss the modern history of monetarism and its alternatives, as well as the changing empirical relationship of various measures of money and inflation. After demonstrating that previous naïve co...

Some Alternative Monetary Facts

Some Alternative Monetary Facts »

Source: Some Alternative Monetary Facts

Volume/Issue: 2021/006

Series: IMF Working Papers

Author(s): Peter Stella , Manmohan Singh , and Apoorv Bhargava

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513566429

Keywords: Monetary base, Monetary aggregates, Inflation, Currencies, Demand for money, money aggregates, monetary financing, central bank balance sheet, WP, bank reserves

In this paper, we discuss the modern history of monetarism and its alternatives, as well as the changing empirical relationship of various measures of money and inflation. After demonstrating that previous naïve co...

Twenty Years of Unconventional Monetary Policies: Lessons and Way Forward for the Bank of Japan

Twenty Years of Unconventional Monetary Policies: Lessons and Way Forward for the Bank of Japan »

Volume/Issue: 2020/226

Series: IMF Working Papers

Author(s): Niklas Westelius

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2020

DOI: http://dx.doi.org/10.5089/9781513560359.001

ISBN: 9781513560359

Keywords: Price stabilization, Inflation, Financial sector stability, Inflation targeting, Monetary policy frameworks, Japan, unconventional monetary policy, Bank of Japan, inflation expectations, WP

The Bank of Japan has used unconventional monetary policies to fight deflation and stabilize the financial system since the late 1990s. While the Bank of Japan's reflation efforts have evolved over time, inflation...

Twenty Years of Unconventional Monetary Policies: Lessons and Way Forward for the Bank of Japan1

Twenty Years of Unconventional Monetary Policies: Lessons and Way Forward for the Bank of Japan1 »

Source: Twenty Years of Unconventional Monetary Policies: Lessons and Way Forward for the Bank of Japan

Volume/Issue: 2020/226

Series: IMF Working Papers

Author(s): Niklas Westelius

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2020

ISBN: 9781513560359

Keywords: Price stabilization, Inflation, Financial sector stability, Inflation targeting, Monetary policy frameworks, Japan, unconventional monetary policy, Bank of Japan, inflation expectations, WP

The Bank of Japan has used unconventional monetary policies to fight deflation and stabilize the financial system since the late 1990s. While the Bank of Japan's reflation efforts have evolved over time, inflation...

Demographics and the Housing Market: Japan's Disappearing Cities

Demographics and the Housing Market: Japan's Disappearing Cities »

Source: Demographics and the Housing Market: Japan's Disappearing Cities

Volume/Issue: 2020/200

Series: IMF Working Papers

Author(s): Yuko Hashimoto , Gee Hee Hong , and Xiaoxiao Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 September 2020

ISBN: 9781513557700

Keywords: Housing prices, Population and demographics, Housing, Population growth, Inflation, WP, tag0, house price, mi, price

How does a shrinking population affect the housing market? In this study, drawing on Japan's experience, we find that there exists an asymmetric relationship between housing prices and population change. Due to the...

Demographics and the Housing Market: Japan's Disappearing Cities

Demographics and the Housing Market: Japan's Disappearing Cities »

Volume/Issue: 2020/200

Series: IMF Working Papers

Author(s): Yuko Hashimoto , Gee Hee Hong , and Xiaoxiao Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 September 2020

DOI: http://dx.doi.org/10.5089/9781513557700.001

ISBN: 9781513557700

Keywords: Housing prices, Population and demographics, Housing, Population growth, Inflation, WP, tag0, house price, mi, price

How does a shrinking population affect the housing market? In this study, drawing on Japan's experience, we find that there exists an asymmetric relationship between housing prices and population change. Due to the...

Structural Changes in Japanese Firms: Business Dynamism in an Aging Society

Structural Changes in Japanese Firms: Business Dynamism in an Aging Society »

Volume/Issue: 2020/182

Series: IMF Working Papers

Author(s): Gee Hee Hong , Arata Ito , Yukiko Umeno Saito , and Anh Thi Ngoc Nguyen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 September 2020

DOI: http://dx.doi.org/10.5089/9781513556338.001

ISBN: 9781513556338

Keywords: firm growth, business succession, population aging, firm exits, inter-firm-network, zombie firms

The COVID-19 pandemic has posed a serious threat to the survival of Japanese firms, highlighting the importance of understanding how and why firms exit. In this paper, we use a rich firm-level dataset of Japanese f...

Structural Changes in Japanese Firms: Business Dynamism in an Aging Society 1

Structural Changes in Japanese Firms: Business Dynamism in an Aging Society 1 »

Source: Structural Changes in Japanese Firms: Business Dynamism in an Aging Society

Volume/Issue: 2020/182

Series: IMF Working Papers

Author(s): Gee Hee Hong , Arata Ito , Yukiko Umeno Saito , and Anh Thi Ngoc Nguyen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 September 2020

ISBN: 9781513556338

Keywords: firm growth, business succession, population aging, firm exits, inter-firm-network, zombie firms

The COVID-19 pandemic has posed a serious threat to the survival of Japanese firms, highlighting the importance of understanding how and why firms exit. In this paper, we use a rich firm-level dataset of Japanese f...

Japan's Inbound Tourism Boom: Lessons for its Post-COVID-19 Revival

Japan's Inbound Tourism Boom: Lessons for its Post-COVID-19 Revival »

Volume/Issue: 2020/169

Series: IMF Working Papers

Author(s): Anh Thi Ngoc Nguyen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2020

DOI: http://dx.doi.org/10.5089/9781513553207.001

ISBN: 9781513553207

Keywords: Japan inbound tourism, tourism determinants, Abenomics, visa policy, COVID-19, panel ARDL

In this paper, we review developments in Japanese inbound tourism and investigate the main determinants of its rapid growth prior to the COVID-19 pandemic. Using a panel autoregressive distributed lag (ARDL) model...

Japan’s Inbound Tourism Boom: Lessons for its Post-COVID-19 Revival

Japan’s Inbound Tourism Boom: Lessons for its Post-COVID-19 Revival »

Source: Japan's Inbound Tourism Boom: Lessons for its Post-COVID-19 Revival

Volume/Issue: 2020/169

Series: IMF Working Papers

Author(s): Anh Thi Ngoc Nguyen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2020

ISBN: 9781513553207

Keywords: Japan inbound tourism, tourism determinants, Abenomics, visa policy, COVID-19, panel ARDL

In this paper, we review developments in Japanese inbound tourism and investigate the main determinants of its rapid growth prior to the COVID-19 pandemic. Using a panel autoregressive distributed lag (ARDL) model...

60 años de incertidumbre

60 años de incertidumbre »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

60 ans d’incertitude

60 ans d’incertitude »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: French

ISBN: 9781513528960

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Bajo la Lupa: Más Adultos

Bajo la Lupa: Más Adultos »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Críticas de Libros

Críticas de Libros »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Dar marcha atrás al declive demográfico

Dar marcha atrás al declive demográfico »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Donde Brilla el Sol

Donde Brilla el Sol »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Economía en Regresión: Lecciones de Japón

Economía en Regresión: Lecciones de Japón »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

El canto del cisne: del inmigrante

El canto del cisne: del inmigrante »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

El Éxodo: de Europa oriental

El Éxodo: de Europa oriental »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

En las Trincheras: Reconstruir Somalia

En las Trincheras: Reconstruir Somalia »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

En Première Ligne: Une Somalie en reconstruction

En Première Ligne: Une Somalie en reconstruction »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: French

ISBN: 9781513528960

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Enrayer le déclin démographique

Enrayer le déclin démographique »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: French

ISBN: 9781513528960

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Envejecer sin Empobrecer

Envejecer sin Empobrecer »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Europe de l’Est : Exode vers l’Ouest

Europe de l’Est : Exode vers l’Ouest »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: French

ISBN: 9781513528960

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Finance & Development, March 2020

Finance & Development, March 2020 »

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Russian

DOI: http://dx.doi.org/10.5089/9781513528922.022

ISBN: 9781513528922

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Finance & Development, March 2020

Finance & Development, March 2020 »

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Arabic

DOI: http://dx.doi.org/10.5089/9781513528861.022

ISBN: 9781513528861

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Finance & Development, March 2020

Finance & Development, March 2020 »

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: French

DOI: http://dx.doi.org/10.5089/9781513528960.022

ISBN: 9781513528960

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Finance & Development, March 2020

Finance & Development, March 2020 »

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781513529028.022

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Finance & Development, March 2020

Finance & Development, March 2020 »

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Chinese

DOI: http://dx.doi.org/10.5089/9781513528892.022

ISBN: 9781513528892

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Finance & Development, March 2020

Finance & Development, March 2020 »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Russian

ISBN: 9781513528922

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Finance & Development, March 2020

Finance & Development, March 2020 »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Arabic

ISBN: 9781513528861

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Finance & Development, March 2020

Finance & Development, March 2020 »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Chinese

ISBN: 9781513528892

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Génération Montante

Génération Montante »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: French

ISBN: 9781513528960

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Gente del Mundo de la Economía: La Pensadora de las Pensiones

Gente del Mundo de la Economía: La Pensadora de las Pensiones »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Histoires D’Argent: Trésors nationaux

Histoires D’Argent: Trésors nationaux »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: French

ISBN: 9781513528960

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Immigrés : le chant du cygne

Immigrés : le chant du cygne »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: French

ISBN: 9781513528960

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Juventud, Divino Tesoro

Juventud, Divino Tesoro »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

L’Abc de L’Économie: Comment les taux d’intérêt peuvent-ils être négatifs ?

L’Abc de L’Économie: Comment les taux d’intérêt peuvent-ils être négatifs ? »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: French

ISBN: 9781513528960

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

L’Économie Rétrécie: Leçons japonaises

L’Économie Rétrécie: Leçons japonaises »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: French

ISBN: 9781513528960

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Là Où: Le Soleil Brille

Là Où: Le Soleil Brille »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: French

ISBN: 9781513528960

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Lettre de la Rédaction: Démographie et destin

Lettre de la Rédaction: Démographie et destin »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: French

ISBN: 9781513528960

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

A Los Lectores: Demografía y destino

A Los Lectores: Demografía y destino »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Notas Monetarias: Tesoros naturales

Notas Monetarias: Tesoros naturales »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Notes de Lecture

Notes de Lecture »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: French

ISBN: 9781513528960

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Paroles D’Économistes: La Béhavioriste des Retraites

Paroles D’Économistes: La Béhavioriste des Retraites »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: French

ISBN: 9781513528960

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Pleins Feux: Un Monde Plus Mûr

Pleins Feux: Un Monde Plus Mûr »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: French

ISBN: 9781513528960

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Población 2020

Población 2020 »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Point de Vue: Accepter la réalité de la stagnation séculaire

Point de Vue: Accepter la réalité de la stagnation séculaire »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: French

ISBN: 9781513528960

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Point de Vue: Accès au financement : pourquoi les femmes ne s’imposent-elles pas ?

Point de Vue: Accès au financement : pourquoi les femmes ne s’imposent-elles pas ? »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: French

ISBN: 9781513528960

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Population 2020

Population 2020 »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: French

ISBN: 9781513528960

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Punto de Vista: Acceso al financiamiento: ¿Por qué las mujeres no tienen mayor participación?

Punto de Vista: Acceso al financiamiento: ¿Por qué las mujeres no tienen mayor participación? »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Punto de Vista: Aceptar la realidad del estancamiento secular

Punto de Vista: Aceptar la realidad del estancamiento secular »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Una Buena y Larga Vida

Una Buena y Larga Vida »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Vieillir Sans S’Appauvrir

Vieillir Sans S’Appauvrir »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: French

ISBN: 9781513528960

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Vivre Longtemps en Pleine Santé

Vivre Longtemps en Pleine Santé »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: French

ISBN: 9781513528960

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Vuelta a lo Esencial: ¿Cómo pueden ser negativas las tasas de interés?

Vuelta a lo Esencial: ¿Cómo pueden ser negativas las tasas de interés? »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

IMF Executive Board Concludes 2019 Article IV Consultation with Japan

IMF Executive Board Concludes 2019 Article IV Consultation with Japan »

Source: Japan : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Japan

Volume/Issue: 2020/39

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 February 2020

ISBN: 9781513529394

Keywords: External sector, Financial and Monetary Sector, Economic growth, Macroprudential policies and financial stability, Economic indicators, ISCR, CR, reflation, structural reform, percent of GDP

This 2019 Article IV Consultation with Japan highlights that the rapid aging and shrinking of Japan's population has become central to macroeconomic policies and outcomes. The consultation centered on the macroecon...

Japan
			: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Japan

Japan : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Japan »

Volume/Issue: 2020/39

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 February 2020

DOI: http://dx.doi.org/10.5089/9781513529394.002

ISBN: 9781513529394

Keywords: External sector, Financial and Monetary Sector, Economic growth, Macroprudential policies and financial stability, Economic indicators, ISCR, CR, reflation, structural reform, percent of GDP

This 2019 Article IV Consultation with Japan highlights that the rapid aging and shrinking of Japan's population has become central to macroeconomic policies and outcomes. The consultation centered on the macroecon...

Japan
			: Selected Issues

Japan : Selected Issues »

Volume/Issue: 2020/40

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 February 2020

DOI: http://dx.doi.org/10.5089/9781513529424.002

ISBN: 9781513529424

Keywords: Development, Economic growth, Gross domestic product, Financial crises, Production, ISCR, CR, reflation, Cashin, inflation target

This Selected Issues paper assesses the relationship between demographic trends and housing prices in Japan. Among various issues in the context of regional disparities, the paper focus on regional differences in p...

Japan: 2019 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Japan

Japan: 2019 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Japan »

Source: Japan : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Japan

Volume/Issue: 2020/39

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 February 2020

ISBN: 9781513529394

Keywords: External sector, Financial and Monetary Sector, Economic growth, Macroprudential policies and financial stability, Economic indicators, ISCR, CR, reflation, structural reform, percent of GDP

This 2019 Article IV Consultation with Japan highlights that the rapid aging and shrinking of Japan's population has become central to macroeconomic policies and outcomes. The consultation centered on the macroecon...

Japan: Selected Issues

Japan: Selected Issues »

Source: Japan : Selected Issues

Volume/Issue: 2020/40

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 February 2020

ISBN: 9781513529424

Keywords: Development, Economic growth, Gross domestic product, Financial crises, Production, ISCR, CR, reflation, Cashin, inflation target

This Selected Issues paper assesses the relationship between demographic trends and housing prices in Japan. Among various issues in the context of regional disparities, the paper focus on regional differences in p...

Japan: Selected Issues

Japan: Selected Issues »

Source: Japan : Selected Issues

Volume/Issue: 2020/40

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 February 2020

ISBN: 9781513529424

Keywords: Development, Economic growth, Gross domestic product, Financial crises, Production, ISCR, CR, reflation, Cashin, inflation target

This Selected Issues paper assesses the relationship between demographic trends and housing prices in Japan. Among various issues in the context of regional disparities, the paper focus on regional differences in p...

Japan: Selected Issues

Japan: Selected Issues »

Source: Japan : Selected Issues

Volume/Issue: 2020/40

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 February 2020

ISBN: 9781513529424

Keywords: Development, Economic growth, Gross domestic product, Financial crises, Production, ISCR, CR, reflation, Cashin, inflation target

This Selected Issues paper assesses the relationship between demographic trends and housing prices in Japan. Among various issues in the context of regional disparities, the paper focus on regional differences in p...

Japan: Selected Issues

Japan: Selected Issues »

Source: Japan : Selected Issues

Volume/Issue: 2020/40

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 February 2020

ISBN: 9781513529424

Keywords: Development, Economic growth, Gross domestic product, Financial crises, Production, ISCR, CR, reflation, Cashin, inflation target

This Selected Issues paper assesses the relationship between demographic trends and housing prices in Japan. Among various issues in the context of regional disparities, the paper focus on regional differences in p...

Japan: Selected Issues

Japan: Selected Issues »

Source: Japan : Selected Issues

Volume/Issue: 2020/40

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 February 2020

ISBN: 9781513529424

Keywords: Development, Economic growth, Gross domestic product, Financial crises, Production, ISCR, CR, reflation, Cashin, inflation target

This Selected Issues paper assesses the relationship between demographic trends and housing prices in Japan. Among various issues in the context of regional disparities, the paper focus on regional differences in p...

Japan: Selected Issues

Japan: Selected Issues »

Source: Japan : Selected Issues

Volume/Issue: 2020/40

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 February 2020

ISBN: 9781513529424

Keywords: Development, Economic growth, Gross domestic product, Financial crises, Production, ISCR, CR, reflation, Cashin, inflation target

This Selected Issues paper assesses the relationship between demographic trends and housing prices in Japan. Among various issues in the context of regional disparities, the paper focus on regional differences in p...

Japan: Selected Issues

Japan: Selected Issues »

Source: Japan : Selected Issues

Volume/Issue: 2020/40

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 February 2020

ISBN: 9781513529424

Keywords: Development, Economic growth, Gross domestic product, Financial crises, Production, ISCR, CR, reflation, Cashin, inflation target

This Selected Issues paper assesses the relationship between demographic trends and housing prices in Japan. Among various issues in the context of regional disparities, the paper focus on regional differences in p...

Japan: Staff Report for the 2019 Article IV Consultation—Informational Annex

Japan: Staff Report for the 2019 Article IV Consultation—Informational Annex »

Source: Japan : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Japan

Volume/Issue: 2020/39

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 February 2020

ISBN: 9781513529394

Keywords: External sector, Financial and Monetary Sector, Economic growth, Macroprudential policies and financial stability, Economic indicators, ISCR, CR, reflation, structural reform, percent of GDP

This 2019 Article IV Consultation with Japan highlights that the rapid aging and shrinking of Japan's population has become central to macroeconomic policies and outcomes. The consultation centered on the macroecon...

Statement by Takuji Tanaka, Executive Director for Japan, Ken Chikada, Alternate Executive Director, and Koki Harada, Senior Advisor to the Executive Director January 30, 2020

Statement by Takuji Tanaka, Executive Director for Japan, Ken Chikada, Alternate Executive Director, and Koki Harada, Senior Advisor to the Executive Director January 30, 2020 »

Source: Japan : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Japan

Volume/Issue: 2020/39

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 February 2020

ISBN: 9781513529394

Keywords: External sector, Financial and Monetary Sector, Economic growth, Macroprudential policies and financial stability, Economic indicators, ISCR, CR, reflation, structural reform, percent of GDP

This 2019 Article IV Consultation with Japan highlights that the rapid aging and shrinking of Japan's population has become central to macroeconomic policies and outcomes. The consultation centered on the macroecon...

Statement by the IMF Staff Representative January 30, 2020

Statement by the IMF Staff Representative January 30, 2020 »

Source: Japan : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Japan

Volume/Issue: 2020/39

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 February 2020

ISBN: 9781513529394

Keywords: External sector, Financial and Monetary Sector, Economic growth, Macroprudential policies and financial stability, Economic indicators, ISCR, CR, reflation, structural reform, percent of GDP

This 2019 Article IV Consultation with Japan highlights that the rapid aging and shrinking of Japan's population has become central to macroeconomic policies and outcomes. The consultation centered on the macroecon...

Network Determinants of Cross-Border Merger and Acquisition Decisions

Network Determinants of Cross-Border Merger and Acquisition Decisions »

Volume/Issue: 2019/264

Series: IMF Working Papers

Author(s): Tatiana Didier , Sebastian Herrador , and Magali Pinat

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 December 2019

DOI: http://dx.doi.org/10.5089/9781513512556.001

ISBN: 9781513512556

Keywords: Comparative advantage, Patterns of trade, Bilateral trade, Trade finance, Economic growth, Cross-Border Merger and Acquisition, Networks, Informational Effect, WP, ERGM

This paper assesses whether cross-border M&A decisions exhibit network effects. We estimate exponential random graph models (ERGM) and temporal exponential random graph models (TERGM) to evaluate the determinants o...

Network Determinants of Cross-Border Merger and Acquisition Decisions

Network Determinants of Cross-Border Merger and Acquisition Decisions »

Source: Network Determinants of Cross-Border Merger and Acquisition Decisions

Volume/Issue: 2019/264

Series: IMF Working Papers

Author(s): Tatiana Didier , Sebastian Herrador , and Magali Pinat

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 December 2019

ISBN: 9781513512556

Keywords: Comparative advantage, Patterns of trade, Bilateral trade, Trade finance, Economic growth, Cross-Border Merger and Acquisition, Networks, Informational Effect, WP, ERGM

This paper assesses whether cross-border M&A decisions exhibit network effects. We estimate exponential random graph models (ERGM) and temporal exponential random graph models (TERGM) to evaluate the determinants o...

Guilt, Gender, and Work-Life Balance in Japan: A Choice Experiment1

Guilt, Gender, and Work-Life Balance in Japan: A Choice Experiment1 »

Source: Guilt, Gender, and Work-Life Balance in Japan: A Choice Experiment

Volume/Issue: 2019/261

Series: IMF Working Papers

Author(s): Chie Aoyagi , and Alistair Munro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 November 2019

ISBN: 9781513515342

Keywords: Labor market reforms, Minimum wages, Nonmetropolitan areas, Labor supply, Labor productivity, Work-life balance, discrete choice experiment, labor market reform, guilt, Japan

The quantification of how aspects of a job are valued by employees sheds light on the potential for labor market reform in Japan. Using a nationwide sample of 1,046 working-age adults, we conduct a choice experimen...

Guilt, Gender, and Work-Life Balance in Japan: A Choice Experiment

Guilt, Gender, and Work-Life Balance in Japan: A Choice Experiment »

Volume/Issue: 2019/261

Series: IMF Working Papers

Author(s): Chie Aoyagi , and Alistair Munro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 November 2019

DOI: http://dx.doi.org/10.5089/9781513515342.001

ISBN: 9781513515342

Keywords: Labor market reforms, Minimum wages, Nonmetropolitan areas, Labor supply, Labor productivity, Work-life balance, discrete choice experiment, labor market reform, guilt, Japan

The quantification of how aspects of a job are valued by employees sheds light on the potential for labor market reform in Japan. Using a nationwide sample of 1,046 working-age adults, we conduct a choice experimen...

Achieving the Bank of Japan's Inflation Target

Achieving the Bank of Japan's Inflation Target »

Source: Achieving the Bank of Japan's Inflation Target

Volume/Issue: 2019/229

Series: IMF Working Papers

Author(s): Gee Hee Hong , Rahul Anand , and Yaroslav Hul

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2019

ISBN: 9781513518350

Keywords: Purchasing power parity, Fiscal sector, Economic theory, Monetary policy, Central bank policy, Inflation targeting, forecasting, fan charts, zero lower bound, FPAS

The Bank of Japan has introduced various unconventional monetary policy tools since the launch of Abenomics in 2013, to achieve the price stability target of 2 percent inflation. In this paper, a forward-looking op...

Achieving the Bank of Japan's Inflation Target

Achieving the Bank of Japan's Inflation Target »

Volume/Issue: 2019/229

Series: IMF Working Papers

Author(s): Gee Hee Hong , Rahul Anand , and Yaroslav Hul

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2019

DOI: http://dx.doi.org/10.5089/9781513518350.001

ISBN: 9781513518350

Keywords: Purchasing power parity, Fiscal sector, Economic theory, Monetary policy, Central bank policy, Inflation targeting, forecasting, fan charts, zero lower bound, FPAS

The Bank of Japan has introduced various unconventional monetary policy tools since the launch of Abenomics in 2013, to achieve the price stability target of 2 percent inflation. In this paper, a forward-looking op...

Japan's Public Sector Balance Sheet

Japan's Public Sector Balance Sheet »

Volume/Issue: 2019/212

Series: IMF Working Papers

Author(s): Yugo Koshima

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2019

DOI: http://dx.doi.org/10.5089/9781513514529.001

ISBN: 9781513514529

Keywords: Public sector savings, Public sector investments, Public sector borrowing, Public sector finance, Economic growth, Public Sector Balance Sheet, Japanese Government Bonds, Fiscal Investment and Loan Fund, Fiscal Risks, Pension Reforms

This paper compiles and reviews the evolution of Japan's Public Sector Balance Sheet (PSBS). In the past, large crossholdings of assets and liabilities within the public sector played a role in sustaining a high l...

Japan's Public Sector Balance Sheet

Japan's Public Sector Balance Sheet »

Source: Japan's Public Sector Balance Sheet

Volume/Issue: 2019/212

Series: IMF Working Papers

Author(s): Yugo Koshima

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2019

ISBN: 9781513514529

Keywords: Public sector savings, Public sector investments, Public sector borrowing, Public sector finance, Economic growth, Public Sector Balance Sheet, Japanese Government Bonds, Fiscal Investment and Loan Fund, Fiscal Risks, Pension Reforms

This paper compiles and reviews the evolution of Japan's Public Sector Balance Sheet (PSBS). In the past, large crossholdings of assets and liabilities within the public sector played a role in sustaining a high l...

More Gray, More Volatile? Aging and (Optimal) Monetary Policy

More Gray, More Volatile? Aging and (Optimal) Monetary Policy »

Volume/Issue: 2019/198

Series: IMF Working Papers

Author(s): Daniel Baksa , and Zsuzsa Munkacsi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 September 2019

DOI: http://dx.doi.org/10.5089/9781513509082.001

ISBN: 9781513509082

Keywords: Price indexes, Economic growth, Real interest rates, Central banking and monetary issues, Negative interest rates, aging, monetary policy transmission, optimal monetary policy, inflation targeting, WP

The evidence on the inflation impact of aging is mixed, and there is no evidence regarding the volatility of inflation. Based on advanced economies' data and a DSGE-OLG model, we find that aging leads to downward p...

More Gray, More Volatile? Aging and (Optimal) Monetary Policy1

More Gray, More Volatile? Aging and (Optimal) Monetary Policy1 »

Source: More Gray, More Volatile? Aging and (Optimal) Monetary Policy

Volume/Issue: 2019/198

Series: IMF Working Papers

Author(s): Daniel Baksa , and Zsuzsa Munkacsi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 September 2019

ISBN: 9781513509082

Keywords: Price indexes, Economic growth, Real interest rates, Central banking and monetary issues, Negative interest rates, aging, monetary policy transmission, optimal monetary policy, inflation targeting, WP

The evidence on the inflation impact of aging is mixed, and there is no evidence regarding the volatility of inflation. Based on advanced economies' data and a DSGE-OLG model, we find that aging leads to downward p...

Anatomy of Sudden Yen Appreciations

Anatomy of Sudden Yen Appreciations »

Source: Anatomy of Sudden Yen Appreciations

Volume/Issue: 2019/136

Series: IMF Working Papers

Author(s): Fei Han , and Niklas Westelius

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2019

ISBN: 9781498317344

Keywords: Interest rate differential, Interest rate increases, International financial markets, Interest rates, Exchange rate policy, Carry trade, safe haven effects, exchange rate appreciations, Japan, VIX

The yen is an important barometer for the Japanese economy. Depreciations are typically associated with favorable economic developments such as increased corporate profits, rising equity prices, and upward pressure...

Anatomy of Sudden Yen Appreciations

Anatomy of Sudden Yen Appreciations »

Volume/Issue: 2019/136

Series: IMF Working Papers

Author(s): Fei Han , and Niklas Westelius

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2019

DOI: http://dx.doi.org/10.5089/9781498317344.001

ISBN: 9781498317344

Keywords: Interest rate differential, Interest rate increases, International financial markets, Interest rates, Exchange rate policy, Carry trade, safe haven effects, exchange rate appreciations, Japan, VIX

The yen is an important barometer for the Japanese economy. Depreciations are typically associated with favorable economic developments such as increased corporate profits, rising equity prices, and upward pressure...

Productivity Drag from Small and Medium-Sized Enterprises in Japan

Productivity Drag from Small and Medium-Sized Enterprises in Japan »

Volume/Issue: 2019/137

Series: IMF Working Papers

Author(s): Mariana Colacelli , and Gee Hee Hong

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2019

DOI: http://dx.doi.org/10.5089/9781498317474.001

ISBN: 9781498317474

Keywords: Labor productivity, Capital productivity, Human capital, Capital formation, Intangible capital, Productivity, Firm Dynamics, Small and Medium-Sized Enterprises, Intangible Investment, productivity growth

Productivity growth in Japan, as in most advanced economies, has moderated. This paper finds supportive evidence for the important role of small and medium-sized enterprises (SMEs) in explaining Japan's modest prod...

Productivity Drag from Small and Medium-Sized Enterprises in Japan

Productivity Drag from Small and Medium-Sized Enterprises in Japan »

Source: Productivity Drag from Small and Medium-Sized Enterprises in Japan

Volume/Issue: 2019/137

Series: IMF Working Papers

Author(s): Mariana Colacelli , and Gee Hee Hong

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2019

ISBN: 9781498317474

Keywords: Labor productivity, Capital productivity, Human capital, Capital formation, Intangible capital, Productivity, Firm Dynamics, Small and Medium-Sized Enterprises, Intangible Investment, productivity growth

Productivity growth in Japan, as in most advanced economies, has moderated. This paper finds supportive evidence for the important role of small and medium-sized enterprises (SMEs) in explaining Japan's modest prod...

Joint Responsibility Shared Rewards
			: The Managing Director's Global Policy Agenda

Joint Responsibility Shared Rewards : The Managing Director's Global Policy Agenda »

Volume: 19

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 April 2019

DOI: http://dx.doi.org/10.5089/9781513510323.007

ISBN: 9781513510323

Keywords: Economic integration, Economic systems, Economic reforms, Economic policy, Fiscal policy, external linkage, trade tension, policy framework, structural reform, resilience

International cooperation, economic and financial integration, and technological progress have delivered enormous benefits across the globe during the past decades. Yet, in many countries, these benefits have not b...

Joint Responsibility Shared Rewards

Joint Responsibility Shared Rewards »

Source: Joint Responsibility Shared Rewards : The Managing Director's Global Policy Agenda

Volume: 19

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 April 2019

ISBN: 9781513510323

Keywords: Economic integration, Economic systems, Economic reforms, Economic policy, Fiscal policy, external linkage, trade tension, policy framework, structural reform, resilience

International cooperation, economic and financial integration, and technological progress have delivered enormous benefits across the globe during the past decades. Yet, in many countries, these benefits have not b...

Demographics and the Natural Rate of Interest in Japan

Demographics and the Natural Rate of Interest in Japan »

Source: Demographics and the Natural Rate of Interest in Japan

Volume/Issue: 2019/31

Series: IMF Working Papers

Author(s): Fei Han

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 February 2019

ISBN: 9781484396230

Keywords: Real interest rates, Negative interest rates, Interest rate policy, Economic growth, Interest rate increases, Demographic change;natural rate of interest;monetary policy;Japan;natural rate;Turunen;potential growth;Pescatori;real interest rate

Japan's aging and shrinking population could lower the natural rate of interest and, together with low inflation expectations, challenge the Bank of Japan's efforts to reflate the economy. This paper uses a semi-st...

Demographics and the Natural Rate of Interest in Japan

Demographics and the Natural Rate of Interest in Japan »

Volume/Issue: 2019/31

Series: IMF Working Papers

Author(s): Fei Han

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 February 2019

DOI: http://dx.doi.org/10.5089/9781484396230.001

ISBN: 9781484396230

Keywords: Real interest rates, Negative interest rates, Interest rate policy, Economic growth, Interest rate increases, Demographic change;natural rate of interest;monetary policy;Japan;natural rate;Turunen;potential growth;Pescatori;real interest rate

Japan's aging and shrinking population could lower the natural rate of interest and, together with low inflation expectations, challenge the Bank of Japan's efforts to reflate the economy. This paper uses a semi-st...

Countercyclical Fiscal Policy and Gender Employment: Evidence from the G-7 Countries1

Countercyclical Fiscal Policy and Gender Employment: Evidence from the G-7 Countries1 »

Source: Countercyclical Fiscal Policy and Gender Employment: Evidence from the G-7 Countries

Volume/Issue: 2019/4

Series: IMF Working Papers

Author(s): Bernardin Akitoby , Jiro Honda , and Hiroaki Miyamoto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 January 2019

ISBN: 9781484390054

Keywords: Italy, Japan, Germany, Europe, Canada, Asia and Pacific, France, United Kingdom, United States, Western Hemisphere

Would countercyclical fiscal policy during recessions improve or worsen the gender employment gap? We give an answer to this question by exploring the state-dependent impact of fiscal spending shocks on employment...

Countercyclical Fiscal Policy and Gender Employment: Evidence from the G-7 Countries

Countercyclical Fiscal Policy and Gender Employment: Evidence from the G-7 Countries »

Volume/Issue: 2019/4

Series: IMF Working Papers

Author(s): Bernardin Akitoby , Jiro Honda , and Hiroaki Miyamoto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 January 2019

DOI: http://dx.doi.org/10.5089/9781484390054.001

ISBN: 9781484390054

Keywords: Italy, Japan, Germany, Europe, Canada, Asia and Pacific, France, United Kingdom, United States, Western Hemisphere

Would countercyclical fiscal policy during recessions improve or worsen the gender employment gap? We give an answer to this question by exploring the state-dependent impact of fiscal spending shocks on employment...

Macroeconomic Effects of Japan's Demographics: Can Structural Reforms Reverse Them?

Macroeconomic Effects of Japan's Demographics: Can Structural Reforms Reverse Them? »

Volume/Issue: 2018/248

Series: IMF Working Papers

Author(s): Mariana Colacelli , and Emilio Fernández Corugedo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 November 2018

DOI: http://dx.doi.org/10.5089/9781484384732.001

ISBN: 9781484384732

Keywords: Asia and Pacific, Japan, Government expenditures and health, Structural reforms, demographics, OLG models, Forecasting and Simulation, General, General, Contracts: Specific Human Capital

Yes, partly. This paper studies the potential role of structural reforms in improving Japan's outlook using the IMF's Global Integrated Monetary and Fiscal Model (GIMF) with newly-added demographic features. Implem...

On Financing Retirement, Health, and Long-term Care in Japan

On Financing Retirement, Health, and Long-term Care in Japan »

Volume/Issue: 2018/249

Series: IMF Working Papers

Author(s): Ellen McGrattan , Kazuaki Miyachi , and Adrian Peralta-Alva

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 November 2018

DOI: http://dx.doi.org/10.5089/9781484384718.001

ISBN: 9781484384718

Keywords: Retirement, Government expenditures and health, Taxation, Aging, Asia and Pacific, Health care, Japan, Social Security and Public Pensions, Health Insurance, Public and Private

Japan faces the problem of how to finance retirement, health, and long-term care expenditures as the population ages. This paper analyzes the impact of policy options intended to address this problem by employing a...

Macroeconomic Effects of Japan's Demographics: Can Structural Reforms Reverse Them?

Macroeconomic Effects of Japan's Demographics: Can Structural Reforms Reverse Them? »

Source: Macroeconomic Effects of Japan's Demographics: Can Structural Reforms Reverse Them?

Volume/Issue: 2018/248

Series: IMF Working Papers

Author(s): Mariana Colacelli , and Emilio Fernández Corugedo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 November 2018

ISBN: 9781484384732

Keywords: Asia and Pacific, Japan, Government expenditures and health, Structural reforms, demographics, OLG models, Forecasting and Simulation, General, General, Contracts: Specific Human Capital

Yes, partly. This paper studies the potential role of structural reforms in improving Japan's outlook using the IMF's Global Integrated Monetary and Fiscal Model (GIMF) with newly-added demographic features. Implem...

On Financing Retirement, Health, and Long-term Care in Japan*

On Financing Retirement, Health, and Long-term Care in Japan* »

Source: On Financing Retirement, Health, and Long-term Care in Japan

Volume/Issue: 2018/249

Series: IMF Working Papers

Author(s): Ellen McGrattan , Kazuaki Miyachi , and Adrian Peralta-Alva

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 November 2018

ISBN: 9781484384718

Keywords: Retirement, Government expenditures and health, Taxation, Aging, Asia and Pacific, Health care, Japan, Social Security and Public Pensions, Health Insurance, Public and Private

Japan faces the problem of how to finance retirement, health, and long-term care expenditures as the population ages. This paper analyzes the impact of policy options intended to address this problem by employing a...

IMF Executive Board Concludes 2018 Article IV Consultation with Japan

IMF Executive Board Concludes 2018 Article IV Consultation with Japan »

Source: Japan : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Japan

Volume/Issue: 2018/333

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 November 2018

ISBN: 9781484386729

Keywords: Asia and Pacific, Japan

The rapid aging and shrinking of Japan's population will dominate economic policy making in coming decades-impelling a fresh look at the objectives and tools of Abenomics. Six years of Abenomics have yielded some i...

Japan
			: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Japan

Japan : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Japan »

Volume/Issue: 2018/333

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 November 2018

DOI: http://dx.doi.org/10.5089/9781484386729.002

ISBN: 9781484386729

Keywords: Asia and Pacific, Japan

The rapid aging and shrinking of Japan's population will dominate economic policy making in coming decades-impelling a fresh look at the objectives and tools of Abenomics. Six years of Abenomics have yielded some i...