Pablo, Agnese; Hector, Sala - Volkswirtschaftliche Fakultät, … - 2008
The ‘lost decade’ in Japan was a period of steep surge in unemployment. It started in 1991 with the unemployment rate … macroeconomic perspective and estimate a reduced-form unemployment model. This model, containing a rich set of variables, yields an … interesting picture. The fall of private investment played the main role, while private consumption and the boost in government …