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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
This paper deals with the relationship between deflation and economic growth. Although there are numerous theories on … the potential effects of deflation on real output, empirical evidence in this field is still scarce and partial. In order … negative effect of deflation on output growth, alleged by some authors, disappears after adding a control variable. Second …
Persistent link: https://www.econbiz.de/10010358347
Lax monetary policy in the United States has been pointed out as one of the responsible factors behind the recent global crisis. Similar loose monetary conditions also prevailed in many European countries before the crisis and were argued to be among the accommodating factors behind the run-up...
Persistent link: https://www.econbiz.de/10008826302
This paper analyses several severe financial crises observed in the history of capitalism which led to a longer period of stagnation or low growth. Comparative case studies of the Great Depression, the Latin American debt crisis of the 1980s and the Japanese crisis of the 1990s and 2000s are...
Persistent link: https://www.econbiz.de/10010242870
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Deflation has emerged as a new concern for Asian policy makers. The traditional view is that deflation can lead to a … the role of positive supply shocks and takes a more benign view of deflation. In a recent paper that examines the … relationship between deflation and economic growth, using consumer prices time series, Borio et al. (2015) find some evidence that …
Persistent link: https://www.econbiz.de/10011579040
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in the short term, but deflation is a real threat. …
Persistent link: https://www.econbiz.de/10011658415