01758cas a2200241 a 4500 AALejournalIMF006988 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455211913 1018-5941 BD-DhAAL BD-DhAAL Berkmen, Pelin. The Impact of Fiscal Consolidation and Structural Reformson Growth in Japan / Pelin Berkmen. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (21 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students With Japan's public debt reaching historical levels, the need for fiscal consolidation and structural reforms have increased. As fiscal consolidation will require a sustained and large adjustment in the fiscal balance, its growth effect is a concern particularly for the short run. This paper uses the IMF's Global Integrated Monetary and Fiscal Model to analyze the growth impact of fiscal consolidation and structural reforms. Although fiscal consolidation has short-term costs, the potential long-term benefits are considerable, and reforms that raise potential growth could support consolidation. Simulations show that the external environment also matters but domestic policies should be the priority. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2011/013 Full text available on IMF http://elibrary.imf.org/view/journals/001/2011/013/001.2011.issue-013-en.xml IMF e-Library