Gustavo Ventura
@king_ofsweden
Economist gustavoventura.com Moderately pedantic opinions.
ID: 1443018531029733377
29-09-2021 01:03:34
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![The Formidable Five, Normandy Veterans at Colleville-sur-Mer for the 81th anniversay of D-Day.
Ken Hay, 99
Richard Aldred, 101
Henry Rice, 99
Jim Grant, 100
John Dennett, 100
[đ· Gareth Fuller]](https://pbs.twimg.com/media/GsxhdjaXIAIy3Ul.jpg "Massimo (@rainmaker1973) on Twitter photo The Formidable Five, Normandy Veterans at Colleville-sur-Mer for the 81th anniversay of D-Day.
Ken Hay, 99
Richard Aldred, 101
Henry Rice, 99
Jim Grant, 100
John Dennett, 100
[đ· Gareth Fuller]")
The narrative linking Japanâs stagnation since 1991 to its financial crisis is largely a myth, more recently discussed in this episode of Dwarkesh Podcast. Japanâs growth performance is almost entirely explained by poor demographics. See Table 1 of my paper with Gustavo Ventura
Jesus JesĂșs FernĂĄndez-Villaverde spells out implications of our joint paper with Wen Yao quite clearly and much more eloquently than I could. Japan is no economic disaster in terms of growth rates, after properly accounting for demographics. It is easy.
Great post by JesĂșs FernĂĄndez-Villaverde Fertility is declining very fast in Latin America. By now, all big countries in LATAM have fertility rates (TFR) below replacement. This surely implies that Americas as a whole are below replacement. A new world, indeed.