Braun, R. Anton; Ikeda, Daisuke; Joines, Douglas H. - Federal Reserve Bank of San Francisco - 2006
Bank of Japan
Douglas H. Joines
University of Southern California
May 2006
Working Paper 2006-39
http://www.frbsf.org/publications/economics … simulations indicate that the Japanese savings puzzle is
over.
∗Corresponding author: Marshall School of Business, University of … productivity slow-down in the 1990’s produces big declines
in after-tax real interest rates in a representative agent real business …