Zestos, George K.; Jiang, Yixiao; Patnode, Ryan - In: Review of Economic Analysis : REA 14 (2022) 3, pp. 419-440
Japan achieved phenomenal economic growth after wwii. Starting in the early 1990s, however, the japanese economy began experiencing a prolonged deflation-stagnation period widely known as the “lost decades”. Based on data from the world bank and the federal reserve bank of saint louis, this...