Japan's Stagnant Nineties : A Vector Autoregression Retrospective /

This paper uses a vector autoregression (VAR) approach to identify the driving forces of the growth slowdown in Japan during the 1990s. Negative shocks to both residential and nonresidential investment are shown to have been important determinants of the slowdown. Despite the collapse in asset price...

Πλήρης περιγραφή

Λεπτομέρειες βιβλιογραφικής εγγραφής
Κύριος συγγραφέας: Rendu, Christel
Άλλοι συγγραφείς: Ramaswamy, Ramana
Μορφή: Επιστημονικό περιοδικό
Γλώσσα:English
Έκδοση: Washington, D.C. : International Monetary Fund, 1999.
Σειρά:IMF Working Papers; Working Paper ; No. 1999/045
Διαθέσιμο Online:Full text available on IMF
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100 1 |a Rendu, Christel. 
245 1 0 |a Japan's Stagnant Nineties :   |b A Vector Autoregression Retrospective /  |c Christel Rendu, Ramana Ramaswamy. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1999. 
300 |a 1 online resource (22 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper uses a vector autoregression (VAR) approach to identify the driving forces of the growth slowdown in Japan during the 1990s. Negative shocks to both residential and nonresidential investment are shown to have been important determinants of the slowdown. Despite the collapse in asset prices, negative shocks to private consumption were relatively small. A surprising conclusion is that trends in public consumption had a dampening impact on activity in the 1990s. The VAR estimations do not support the counterfactual conjecture that activity in Japan would have been significantly weaker in the absence of the expansionary shift in fiscal policy. 
538 |a Mode of access: Internet 
700 1 |a Ramaswamy, Ramana. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1999/045 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1999/045/001.1999.issue-045-en.xml  |z IMF e-Library