The Morning After : Explaining the Slowdown in Japanese Growth in the 1990's /
This paper uses vector autoregressions (VARs) to investigate four explanations of the extended slump in Japanese economic activity during the 1990s: the absence of bold and consistent fiscal stimulus; limited room for expansionary monetary policy because of a liquidity trap; asset price deflation re...
| Autor principal: | |
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| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
1999.
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| Col·lecció: | IMF Working Papers; Working Paper ;
No. 1999/013 |
| Accés en línia: | Full text available on IMF |