neutral, this volume provides an analysis of the different economic performances exhibited by the USA, the Euro-area, and … Japan in the last decade. Through addressing the potential role monetary policy has on economic growth and unemployment …

Japan has suffered from sluggish economic growth and recession since the 1990s, a phenomenon dubbed "Japan's Lost … future and they have been concerned by Japan's long-term recession. This paper will address why Japan's economy has stagnated … Paul Krugman, that the Japanese economy is in a liquidity trap. We argue that Japan's economic stagnation stems from a …