degree of uncertainty associated with potential output in an environment of prolonged stagnation and deflation. Consequently … declines in Japanese inflation expectations. Policies undertaken by the Bank of Japan during this period did little to …

Did monetary ease in the 1980s cause Japan's bubble, as is often suggested? Drawing on both a new cross …-national consideration of the monetary policy-asset price linkage and a re-examination of what actually occurred in Japan 1985-1990, I … cause Japan's Great Recession? In fact, Japan's recession of 1990-94 was mild, and only a combination of policy mistakes …

realwirtschaftlich wirksamen, langfristig jedoch neutralen Geldpolitik inzwischen nahezu selbstverständlich akzeptiert zu sein …

identified as deflation, sometimes as a liquidity trap, the new concern is that the U.S. economy will become like Japan?s. After … dramatically in the United States. Japan has had deflation since the mid 1990s: by October 2002 the Japanese wholesale price index … deflation, but it has relatively low inflation ? at least before the most recent statistics for October. Japan has slow growth …

Arbeitsstunden und Löhnen in dieser Zeit erklären. Abschließend wird die Rolle der Geldpolitik während Aktienmarktbooms diskutiert …

untersuchen wir die Rolle der Geldpolitik während der Weltwirtschaftskrise in den USA. Die besondere Rolle der Geldpolitik gilt … Effekte der systematischen Komponente der Geldpolitik an. Wir finden heraus, dass der Anteil der Geldpolitik insgesamt zwar …