▷Presentation Title:
Declining effects of monetary and fiscal policy faced with aging population.
▷Presenter:
Yoshino, Naoyuki (President of Asian Development Bank Institute)
▷Date & Time:
September 19th, 2017 / 7:00-09:00 pm
▷Venue:
Lincoln Hall (4th floor), KDI School
▷Abstract
During the lecture, Dr. Naoyuki pointed out three indicators of the bubble economy based on Japan's experience and emphasized that the failure of the government's short-term stimulus measures should not relied on the bank's fiscal policy. He stressed the importance of investing in infrastructure, such as building infrastructure for the city, and explained this bring a long-term impact on job creation and tax revenue growth, which will have a positive impact on total revenue generation. In addition, he suggested solutions to the Asian aging societies not only to increase the workforce capable of coping with the aging population but also to create jobs for the aged population and to change the wage system based on productivity.