Japan's dramatic transformation from economic success to economic stagnation offers important policy lessons to … growth from the perspective of demographic change: will aging Korea become another Japan? / Kyooho Kwon -- 4. Export dynamics … of Japan, Korea and China / Kyu-Chul Jung -- Part II Resource allocations and TFP -- 5. Product market efficiencies and …

Japan's dramatic transformation from economic success to economic stagnation offers important policy lessons to … advanced countries everywhere that are struggling with stagnation. The term 'Japanization' is often used by economists to … describe long-term stagnation and deflation. Symptoms include high unemployment, weak economic activity, interest rates near …

Fiscal policy and public debt may be required to maintain full employment and avoid secular stagnation. This conclusion … effects of debt on growth. A second result relates directly to austerity policies. The level of government consumption and the … own terms: cuts in government consumption lead to an increase in the required level of debt. …

avoid secular stagnation. If fiscal policy is used in this way, second, the long-run debt ratio depends (i) inversely on the … rate of growth, (ii) inversely on government consumption, and (iii) directly on the degree of inequality. The analysis …, third, suggests that policies and policy debates have been misguided. The recent rediscovery of 'secular stagnation' by …