Baba, Naohiko; Nishioka, Shinichi; Oda, Nobuyuki; … - In: Monetary and Economic Studies 23 (2005) 1, pp. 47-111
This paper offers three analyses of Japan's macroeconomic experience during the post-1990 period. First, we analyze various facets of deflation during the period, arguing that the deflation of general prices has by no means been a major factor for the stagnating economy. In contrast, the...
