Some lessons from the Japanese bubble

In the second part of the 80s, Japan was under political pressure to expand aggregate demand. It followed suit in increasing its money supply. This caused severe inflation and the financial bubble which collapsed in 1990 resulting in capital losses and in a sizable loss of GDP. This paper draws some lessons from the Japanese experience. The bottom line is that Japan became the victim of a misleading concept of global demand management.

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Year of publication:	1999
Authors:	Siebert, Horst
Publisher:	Kiel : Kiel Institute of World Economics (IfW)
Subject:	Globalsteuerung \| Geldpolitik \| Bubbles \| Wirtschaftskrise \| Japan

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Series:	Kiel Working Paper ; 919
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	859889769 [GVK] hdl:10419/2247 [Handle] RePEc:zbw:ifwkwp:919 [RePEc]
Classification:	E50 - Monetary Policy, Central Banking and the Supply of Money and Credit. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10010265408