Is Japan’s Population Aging Deflationary?

Is Japan’s Population Aging Deflationary?
Japan has the most rapidly aging population in the world. This affects growth and fiscal sustainability, but the potential impact on inflation has been studied less. We use the IMF's Global Integrated Fiscal and Monetary Model (GIMF) and find substantial deflationary pressures from aging, mainly from declining growth and falling land prices.... READ MORE...

Publication date: August 2014
ISBN 9781498392129
$18.00

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