This uses a data source independent from what the paper uses. Here's the calculation...
Current Diamond Princess' CFR (Case Fatality Rate) is at 11 deaths / 712 infected = ~1.54%. Ten more are in serious/critical conditions, so it could increase.
Since testing in DP was almost universal, IFR ~= CFR.
DP's demographics is representative of > 30% of population of many/most countries. (See figure 1 here: https://wattsupwiththat.com/2020/03/16/diamond-princess-myst...)
Assuming no one in other age groups/health conditions in a country of interest dies (unrealistic) and everyone from Diamond Princess who is in severe/critical condition recovers (optimistic), population's IFR would be = 1.54%/0.3 = ~0.51%.
Also, cases from Diamond Princess have received good care. If the healthcare system gets overwhelmed as has happened in many places, population's IFR would shoot up to multiple times as high.
Thus, 0.5% is a lower bound for COVID19's IFR, unless a better treatment protocol/medication is invented. Alternatively, if there are successful measures to shield the elderly from getting infected, a region's overall IFR could be lowered.