Lessons from Japan's prolonged Recession

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dc.contributor.author Shigeyoshi, Miyagawa -
dc.contributor.author Yoji, Morita -
dc.date.accessioned 2012-06-17T20:08:45Z
dc.date.available 2012-06-16 08:43:47 -
dc.date.available 2012-06-17T20:08:45Z
dc.date.issued 2005 -
dc.identifier.isbn 951-44-6425-7 -
dc.identifier.issn 1458-1191 -
dc.identifier.uri http://tampub.uta.fi/handle/10024/65399
dc.description.abstract Japan’s economy experienced prolonged recession which had never been observed before. This paper focus on the events in Japan’s economy since 1985, tracing how the asset prices inflated and collapsed, and how the Bank of Japan responded to the deteriorating economy. We will learn from the Japan’s experience that it becomes more difficult for monetary policy to reactivate the economy, once it falls into the deflation. We will conclude that the BOJ should not have ignored the role of money stock by showing the statistical evidence of the relationship between money stock and the economic activity. Keywords: bubble, deflation, money stock, financial anxiety. -
dc.language.iso en -
dc.publisher Tampereen yliopisto -
dc.title Lessons from Japan's prolonged Recession -
dc.type fi=Erillisteos | en=Monograph| -
dc.identifier.urn urn:isbn:951-44-6425-7 -
dc.type.version fi=Kustantajan versio | en=Publisher's version| -
dc.subject.okm fi=Kansantaloustiede | en=Economics| -
dc.oldstats 586 -
dc.seriesname.electronic Tampere Economic Working Papers Net Series
dc.relation.numberinserieselectronic 44/2005

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