The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the … characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary … well as gradual real income losses, the economic policy implication for Japan and Europe is the timely exit from the …

the Bank of Japan. Estimating Bayesian VARs for the period 1999-2014, we find that shocks to economic policy uncertainty …

England and the Bank of Japan. Estimating Bayesian VARs for the period 1999-2014, we find that shocks to economic policy …

What can one do when the economy has been experiencing stagnation and falling prices for two decades? Japan's Prime … Minister Shinzo Abe hopes that his response, the three-pronged Abenomics is the correct answer that can pull Japan out of the … “Lost Decades”. Japan and the world are looking at this economic experiment with much intent, and this paper aims to answer …

Starting from the early 1990s, GDP in Japan stagnated for about a decade while inflation has been persistently low, at … the evolution of inflation in Japan and the role of monetary and fiscal policy, a crucial question is whether the … deflationary process, a phenomenon specific only to Japan during the period under consideration, was anticipated by agents. The …

one that has captivated academics and practitioners alike: Why did the market respond so powerfully to Bank of Japan …

The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the … characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary … well as gradual real income losses, the economic policy implication for Japan and Europe is the timely exit from the …

This book covers the development of Economics in Japan from the inter-war period to the 2000s focusing on the … economists before and after World War II. The second focal point is the controversies concerning Macroeconomic policies in Japan … early 2000s. In short, economics in Japan is considered from both a theoretical and a policy-oriented point of view. The …