Economic growth, inflation, and interest rates have declined in Asia, just as they have in the United States and Europe.
Sustaining Economic Growth in Asia explores the relevance to several Asian economies of the diagnosis known as “secular stagnation.” Leading experts on the region discuss the fiscal and monetary policy challenges of reviving growth without generating domestic financial imbalances. The essays on innovation, demographics, spillovers, and various policy proposals are accompanied by case studies focusing on Japan, South Korea, China, India, and Indonesia.
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Jérémie Cohen-Setton, research fellow, joined the Peterson Institute for International Economics in September 2016 after completing his Ph.D. in economics at the University of California, Berkeley.Thomas Helbling is a division chief in the IMF’s Asia and Pacific Department, covering Australia and New Zealand. Previously, he was chief of the World Economic Studies Division in the IMF’s research department, where he codirected the work on the World Economic Outlook.Adam S. Posen has been president of the Peterson Institute for International Economics since January 2013 after first joining in July 1997.Changyong Rhee is the director of the Asia and Pacific Department at the International Monetary Fund.
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