The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the … well as gradual real income losses, the economic policy implication for Japan and Europe is the timely exit from the … current crisis therapies. -- Japan ; Europe ; bubble economy ; European crisis ; low interest rate policy ; government debt …

Japan hat nicht nur 15 Jahre vor Europa einen Boom-und-Krisen-Zyklus durchschritten, sondern auch wichtige Erfahrungen … vergleicht die Boom-und-Krisen-Zyklen in Japan und Europa hinsichtlich der Ursachen, des Krisenverlaufs, der Krisentherapien und … Einkommensverluste abgeleitet. Die wirtschaftspolitische Implikation für Europa und Japan ist der konsequente Ausstieg aus der expansiven …

The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the … well as gradual real income losses, the economic policy implication for Japan and Europe is the timely exit from the …

order of Germany. It is argued that in post-war Europe the German social market economy as designed by Eucken (1952) and … Europe as a whole. It is shown that the monetary policy rescue measures of the European Central Bank have undermined the …) growth and welfare in Germany and Europe. As the outcome is crumbling social cohesion and growing political instability, a …