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Japan's policy trap : dollars, deflation, and the crisis of Japanese finance

Mikuni, Akio; Murphy, R. Taggart - 2002

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The foreign exchange origins of Japan's economic slump and low interest liquidity trap

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The foreign exchange origins of Japan's economic slump and low interest liquidity trap

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The foreign exchange origins of Japan's economic slump and low interest liquidity trap

McKinnon, Ronald I.; Ōno, Ken'ichi - In: The world economy : the leading journal on … 24 (2001) 3, pp. 279-315

Persistent link: https://www.econbiz.de/10001575349

The Foreign Exchange Origins of Japan's Economic Slump and Low Interest Liquidity Trap

McKinnon, Ronald - 2007

Japan's macroeconomic problem has yet to be properly diagnosed. Throughout the 1990s, policy makers could not decide on … deep historical roots, of why aggregate private demand failed to recover after Japan's stock and real estate bubbles burst … in 1991 and deflationary pressure continues.The problem is not purely quot;made in Japanquot;. It arises from Japan …

Persistent link: https://www.econbiz.de/10012729261