Yutaka, HARADA; Ayano, SATO; Masahiko, NAKAZAWA - Economic and Social Research Institute (ESRI), Cabinet … - 2007
Many studies agree that the Great Depression in the 1930s was caused by deflationary monetary policy, but few empirical studies have been conducted on the Showa Depression in Japan. Among them, some argue that fiscal policy is effective in stimulating the economy, but others do not. And, most...