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period of stagnation. The model has multiple steady-growth solutions when the labour supply is highly elastic, and government …, and a combination of high saving rates and slow population growth account for the stagnation of the 1990s. This …
Persistent link: https://www.econbiz.de/10010287845
of stagnation or low growth. Comparative case studies of the Great Depression, the Latin American debt crisis of the 1980 … prosperity for a long time? The main conclusion is that stagnation after big financial crises becomes likely when the balance …
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This article addresses Japan's economy, its new economic policy package, which is known as Abenomics. The centerpiece of Abenomics has been the three "economic arrows" targeted at aggressive monetary policy, flexible fiscal policy, and growth strategy. This article focuses on Abenomics and shows...
Persistent link: https://www.econbiz.de/10012171656
stagnation of investment, especially private fixed investment, was the primary culprit. I then investigate the causes of the … stagnation of household consumption during the 1990s and find that the stagnation of household disposable income, the decline in …
Persistent link: https://www.econbiz.de/10010332277
. Thus, the present model provides an analytical framework for persistent stagnation. …
Persistent link: https://www.econbiz.de/10010332371
Japan hat nicht nur 15 Jahre vor Europa einen Boom-und-Krisen-Zyklus durchschritten, sondern auch wichtige Erfahrungen mit Krisentherapien in Form von monetärer Lockerung, expansiver Finanzpolitik und Rekapitalisierung von Finanzinstituten gemacht. Japan hat die Nullzinsgrenze bereits 1999...
Persistent link: https://www.econbiz.de/10010334514
economic stagnation. Policy reforms were initially half-hearted, and businesses were slow to restructure as the global economy …
Persistent link: https://www.econbiz.de/10012990580