Mori, Naruki; Shiratsuka, Shigenori; Taguchi, Hiroo - In: Monetary and Economic Studies 19 (2001) S1, pp. 53-102
This paper provides a very tentative review of the monetary and prudential policy responses to the post-bubble adjustments in Japan. The adjustments after the collapse of the bubble have been prolonged due to (1) the rapid downward revision of the expected economic growth rate; (2) balance-sheet...