technique of business cycle accounting (BCA) and some new evidence from Japan. BCA technique enables us to model the economy as … Japan during the period 1980 to 2000, I find that though technology shocks play an important role in propagating market …

There is no debate amongst economists that Japan performed poorly during the1990s. This can be seen in falling growth … 1990s. So, any model that tries to focus on what went wrong in Japan in 1990s would do well to focus on frictions on …

This paper investigates the causes of business cycle fluctuations that Japan experienced over the period 1980 to 2000 … as collateral in Japan, land tax changes will cause fluctuations in land price that can potentially affect output and … data of land use in Japan provides evidence of such redistribution. …

interest rates as experienced in Japan since the mid-1990s. Our analysis is based on an estimated model of Japan, the United … impact of the zero bound on the effectiveness of interest rate policy in Japan in terms of stabilizing output and inflation …

Japan has experienced stagnation, deflation, and low interest rates for decades. It is caught in a liquidity trap. This … paper examines Japan’s liquidity trap in light of the structure and performance of the country’s economy since the onset of … understanding Japan’s liquidity trap but also for formulating and implementing policies that can overcome the liquidity trap and …

Japan has suffered from sluggish economic growth and recession since the 1990s, a phenomenon dubbed "Japan's Lost … future and they have been concerned by Japan's long-term recession. This paper will address why Japan's economy has stagnated … Paul Krugman, that the Japanese economy is in a liquidity trap. We argue that Japan's economic stagnation stems from a …