specialization patterns, employment and consumption. When the countries have similar population sizes, they specialize in respective … the home commodity. It raises home real income and consumption per capita if full employment prevails in the home country …. If unemployment appears, however, home employment and consumption per capita decrease. …

Great Depression in the United States, the recent long-run stagnation in Japan, and the worldwide financial crisis triggered …

; consequently they raise liquidity preference and reduce consumption. As the period without the shock lasts, they become more … optimistic so that they gradually lower liquidity preference and increase consumption. The recovery pattern depends on the … realized frequency of the shock: when the shock occurs many times in succession, the consumption recovery is first slow …

and thereafter Japan has been suffering secular stagnation. This paper proposes a dynamic macroeconomic model that can …In 1960s - 1980s Japan enjoyed high economic growth. In the early 1990s, however, the growth rate drastically declined … consumption grows at the same pace as productivity increases. Once consumption reaches a certain level, however, it deviates from …

theoretical model of household behavior in economics, but does this model apply in the case of a country like Japan, which is said … version of the selfish life-cycle model and then survey the literature on household saving and bequest behavior in Japan in …-cycle model applies to at least some extent in all countries but that there is more consistent support for this model in Japan …

literature on household saving behavior in Japan (with emphasis on the author's own past research) to shed light on whether or … not the selfish life-cycle model applies in the case of Japan. In particular, we survey the literature on the impact of … almost all of the available evidence suggests that the selfish life-cycle model applies to a greater extent in Japan than it …

effects of environmental policies on consumption and pollution emissions in a full-employment and a stagnant economy. If full … commodity production and hence decrease consumption. However, if unemployment appears, they stimulate consumption and production …

worsens unemployment and decreases consumption by native residents whereas if full employment prevails, immigration has the … effect of boosting consumption while keeping full employment. However, an influx of too many immigrants can turn the host … country into stagnation. We also find that immigrants' remittances are harmful to the host country under full employment but …

I present a model of secular stagnation with land and infinitely-lived agents with wealth preferences. Land is the … standard wealth preferences, higher land prices stimulate consumption and full employment is always feasible in steady state … unless the central bank follows a deflationary policy. In contrast, secular stagnation emerges as the unique equilibrium of …