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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 …
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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...
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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
Abstract Japan went 15 years earlier than Europe through a boom-and-bust cycle in the real estate and stock markets. The country has made important experience with crisis therapies in form of monetary expansion, Keynesian fiscal stimulus and recapitalization of financial institutions. Japan has...
Persistent link: https://www.econbiz.de/10014630767