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Toshihiko Fukui Quotes
Toshihiko Fukui Quotes
Toshihiko Fukui
Japanese
Public Servant
Born:
Sep 7
,
1935
Adjustment
Businesses
Economic
Experience
Long
Will
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The aging and declining population will have far-reaching impacts. Declining fertility rates will possibly increase immigration. The structure of family and society will inevitably change.
Toshihiko Fukui
Family
Change
Immigration
Will
Society
Increase
Possibly
Impacts
Rates
Structure
Inevitably
Fertility
Declining
Aging
Population
The standard growth theory tells us that economic growth in per capita basis comes from mainly two sources: capital deepening and total factor productivity growth, or TFP growth.
Toshihiko Fukui
Tells
Total
Per
Economic
Factor
Economic Growth
Mainly
Sources
Capital
Us
Standard
Productivity
Theory
Deepening
Growth
Two
Basis
As the new endogenous growth theory suggests, TFP growth is closely related to accumulation of the intangible capitals, such as human capital and research and development.
Toshihiko Fukui
Research
Related
Development
New
Intangible
Accumulate
Closely
Human
Capital
Theory
Growth
The increased global linkages promote economic growth in the world through two key mechanisms: the division of labor and the international spillovers of knowledge.
Toshihiko Fukui
Knowledge
World
Key
Increased
Promote
Economic
Through
Economic Growth
Division
Global
Labor
International
Mechanisms
Growth
Two
In fact, the recent increase in intra-firm trading enables businesses to shift their activities across borders smoothly, thereby strengthening the response of economic activity to exchange rate movements in the long run.
Toshihiko Fukui
Long
Increase
Response
Run
Borders
Rate
Economic
Economic Activity
Fact
Exchange
Long Run
Exchange Rate
Enables
Smoothly
Trading
Shift
Movements
In Fact
Across
Businesses
Thereby
Activities
Activity
Strengthening
Recent
The staff at the Institute will present an analysis on how asset price fluctuations and subsequent structural adjustments influence sustained economic growth, based on Japan's experience since the second half of the 1980s.
Toshihiko Fukui
Experience
Will
Half
Analysis
Adjustment
Structural
Economic
Economic Growth
Price
Since
Institute
How
Subsequent
Staff
Influence
Sustained
Japan
Based
Asset
Growth
Present
Second
During the past two decades, inflation has fallen to a low level in major industrial countries.
Toshihiko Fukui
Inflation
Past
Countries
Major
Industrial
Fallen
Decades
Low
Level
Two
However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.
Toshihiko Fukui
Perception
Deflation
Rates
General
Spite
Bound
Policy
However
Bank
Cannot
Central
Interest
Central Bank
Interest Rates
Lower
Should
Avert
Monetary
Zero
Monetary Policy
Below
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