Series: IMF Working Papers
Author(s): Nicoletta Batini , Alessandro Rebucci , and Papa N'Diaye
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2005
Keywords: Global External Imbalance, Productivity Growth, Macroeconomic Models, current account, world economy, government debt, current account surplus, intermediate goods, Open Economy Macroeconomics, Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation,
Japan is facing a sizable fiscal imbalance against a backdrop of weak trend growth and growing external imbalances in the world economy. This paper examines the possible impact of fiscal adjustment and productivity...