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...
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Natura: | Periodico |
Lingua: | English |
Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
1999.
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Serie: | IMF Working Papers; Working Paper ;
No. 1999/045 |
Accesso online: | Full text available on IMF |