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Demographics and the Natural Rate of Interest in Japan

2019-02-15 Social Science
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Release : 2019-02-15
Genre : Social Science
Kind : eBook
Book Rating : 235/5 ( reviews)

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Book Synopsis Demographics and the Natural Rate of Interest in Japan by : Mr.Fei Han

Download or read book Demographics and the Natural Rate of Interest in Japan written by Mr.Fei Han. This book was released on 2019-02-15. Available in PDF, EPUB and Kindle. Book excerpt: 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-structural model to estimate the impact of demographics on the natural rate in Japan. We find that demographic change has a significantly negative impact on the natural rate by lowering trend potential growth. We also find that the negative impact has been increasing over time amid stronger demographic headwinds. These findings highlight the importance of boosting potential growth to offset the negative demographic impact and lift the natural rate in Japan.

Demographics and the Natural Rate of Interest in Japan

2019
Download Demographics and the Natural Rate of Interest in Japan PDF Online Free

Author :
Release : 2019
Genre :
Kind : eBook
Book Rating : 206/5 ( reviews)

GET EBOOK


Book Synopsis Demographics and the Natural Rate of Interest in Japan by : Mr.Fei Han

Download or read book Demographics and the Natural Rate of Interest in Japan written by Mr.Fei Han. This book was released on 2019. Available in PDF, EPUB and Kindle. Book excerpt:

Demographics and the Natural Rate of Interest in Japan

2019-02-15 Social Science
Download Demographics and the Natural Rate of Interest in Japan PDF Online Free

Author :
Release : 2019-02-15
Genre : Social Science
Kind : eBook
Book Rating : 142/5 ( reviews)

GET EBOOK


Book Synopsis Demographics and the Natural Rate of Interest in Japan by : Mr.Fei Han

Download or read book Demographics and the Natural Rate of Interest in Japan written by Mr.Fei Han. This book was released on 2019-02-15. Available in PDF, EPUB and Kindle. Book excerpt: 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-structural model to estimate the impact of demographics on the natural rate in Japan. We find that demographic change has a significantly negative impact on the natural rate by lowering trend potential growth. We also find that the negative impact has been increasing over time amid stronger demographic headwinds. These findings highlight the importance of boosting potential growth to offset the negative demographic impact and lift the natural rate in Japan.

The Impact of Demographics on Productivity and Inflation in Japan

2017-01-18 Social Science
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Release : 2017-01-18
Genre : Social Science
Kind : eBook
Book Rating : 599/5 ( reviews)

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Book Synopsis The Impact of Demographics on Productivity and Inflation in Japan by : Mr.Niklas J Westelius

Download or read book The Impact of Demographics on Productivity and Inflation in Japan written by Mr.Niklas J Westelius. This book was released on 2017-01-18. Available in PDF, EPUB and Kindle. Book excerpt: Is Japan’s aging and, more recently, declining population hampering growth and reflation efforts? Exploiting demographic and economic variation in prefectural data between 1990 and 2007, we find that aging of the working age population has had a significant negative impact on total factor productivity. Moreover, prefectures that aged at a faster pace experienced lower overall inflation, while prefectures with higher population growth experienced higher inflation. The results give strong support to the notion that demographic headwinds can have a non-trivial impact on total factor productivity and deflationary pressures.

Demographics and Interest Rates in Asia

2018-07-27 Social Science
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Release : 2018-07-27
Genre : Social Science
Kind : eBook
Book Rating : 309/5 ( reviews)

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Book Synopsis Demographics and Interest Rates in Asia by : Mr.Serkan Arslanalp

Download or read book Demographics and Interest Rates in Asia written by Mr.Serkan Arslanalp. This book was released on 2018-07-27. Available in PDF, EPUB and Kindle. Book excerpt: Demographic developments have been regarded as one important cause of the long-term movement in global interest rates. This paper provides empirical evidence of the relationship between demographics and interest rates over a wide sample of advanced and emerging market economies. It also finds that capital account openness limits the direct sensitivity of a country’s interest rates to its own demographics. The results suggest that future demographic developments will continue to apply downward pressure on the interest rates in Asia which foresees a rapid aging.

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