Low inflation, a high net savings surplus and institutional restrictions keep the Japanese long-term interest rate low
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More about this item
Keywords
Long-term interest rate; Current account balance; Japan; Ricardian equivalence; Ageing;All these keywords.
JEL classification:
- E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
NEP fields
This paper has been announced in the following NEP Reports:- NEP-MAC-2006-07-28 (Macroeconomics)
- NEP-SEA-2006-07-28 (South East Asia)
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