technique of business cycle accounting (BCA) and some new evidence from Japan. BCA technique enables us to model the economy as … Japan during the period 1980 to 2000, I find that though technology shocks play an important role in propagating market …

There is no debate amongst economists that Japan performed poorly during the1990s. This can be seen in falling growth … 1990s. So, any model that tries to focus on what went wrong in Japan in 1990s would do well to focus on frictions on …

This paper investigates the causes of business cycle fluctuations that Japan experienced over the period 1980 to 2000 … as collateral in Japan, land tax changes will cause fluctuations in land price that can potentially affect output and … data of land use in Japan provides evidence of such redistribution. …