Skott, Peter; Nakatani, Takeshi - Department of Economics, University of Massachusetts-Amherst - 2006
period of stagnation. The model has multiple steady-growth solutions when the labour supply is highly elastic, and government …, and a combination of high saving rates and slow popu- lation growth account for the stagnation of the 1990s. This …DEPARTMENT OF ECONOMICS
Working Paper
Japanese growth and stagnation: a Keynesian
perspective
by …