Abstract:
Aging, Japan, Deflation, Inflation, Age-related spending, Health care spending, Fiscal policy, Monetary policy, Demographic transition, Population aging, Abenomics, real interest rate, aggregate demand, central bank, relative prices, monetary fund, inflation dynamics, monetary policy reaction function, inflation target, real interest rates, rate of inflation, low inflation, long-term interest rates, monetary model, inflation rate, percent inflation, lower inflation, inflationary pressures, price level, high inflation, inflation targeting, rising inflation, macroeconomic performance, real wages, relative price, monetary policy rule, rise in inflation