Griffin, Naomi N.; Odaki, Kazuhiko - Congressional Budget Office, United States Congress - 2006
Hayashi and Prescott (2002) argue that the so-called lost decade of the 1990s in Japan is explained by the slowdown in exogenous total factor productivity (TFP) growth rates. At the same time, some have suggested that Japanese banks’ support for inefficient firms prolonged recession, by...