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We quantified the impact of the decreased recreation demand caused by voluntary self-restraint following the Great East … Japan Earthquake. We assumed an exogenous 10% reduction of the private consumption demand for three recreation industries … experiencing decrease in demand due to self-restraintʺ: amusement and recreational services, eating and drinking places, and …
Persistent link: https://www.econbiz.de/10009295570
The Bank of Japan adopted the Quantitative Easing (QE) Policy from March 2001 to March 2006. This paper investigates whether or not this QE had an effect in stimulating real economy in Japan. The identification of policy effect in the above Japanese case enables us to evaluate indirectly the...
Persistent link: https://www.econbiz.de/10009021929