During 1990s' the economy of Japan slipped into a long-sustained recession with strong deflation pressures. The aim of … macroeconomics, instead. One of them is liquidity trap that was highlighted by Paul Krugman's writings in the Japan's case. The paper … thus presents some of his rather unconventional opinions and confronts them with the Japan's economic developments in the …

Did monetary easing 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 reexamination of what actually occurred in Japan during 1985-90, I …'s bursting cause Japan's Great Recession? In fact, Japan's recession of 1990-94 was mild, and only a combination of policy …

»Deflation«, »Kreditklemme« und »Bankenkrise« waren die Schlagworte in derFinanzpresse des Jahres 2003. Insbesondere …