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Entwicklung in vieler Hinsicht an die beginnende Bankenkrise in Japan Anfang der neunziger Jahre. Das Ausmaß des Problems …
Persistent link: https://www.econbiz.de/10011691968
In Japan ist das reale Bruttoinlandsprodukt im Jahr 2002 nur um 0,2% gestiegen. Die Arbeitslosenquote lag im …
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approach and have focused on the QE-experience, on which substantial data is available, namely that of Japan (2001 … policy goal of monetary policy. The empirical research finds that the policy conducted by the Bank of Japan between 2001 and …
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and Japan. For robustness, the results are compared to those obtained from leading structural models, such as NiGEM and …
Persistent link: https://www.econbiz.de/10010286628
This paper uses a modi.ed Harrodian model to understand both the long period of rapid Japanese growth and the recent period of stagnation. The model has multiple steady-growth solutions when the labour supply is highly elastic, and government intervention, we argue, took the Japanese economy...
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