recession of 1919-21, and may be the case in Japan today. In this paper we focus on the price level and growth experience of the …We distinguish between good and bad deflations. In the former case, falling prices may be caused by aggregate supply … United States and Canada, 1870-1913. Both countries adhered to the international gold standard. This meant that the domestic …

Deutsche Konjunktur im Frühjahr 2009 Nr. 463 | März 2009 Kieler Diskussionsbeiträge Institut für Weltwirtschaft … großen Industrieländern sticht der Einbruch im vierten Quartal heraus; nur in Japan ging die Produktion, mit rund 12 … den verschiedenen Phasen des Konjunktur- zyklus nachzubilden. Das sogenannte Momentane-Tiefe-der-Rezession- Modell (CDRM …

advanced economies. For example, the upturn was quite strong only during the winter 2009/2010 in the United States and in Japan …, and it has lost momentum since then. In other countries that had been hit by a banking crisis and/or a housing crisis …, such as the United Kingdom, Spain, or Ireland, the recovery has been sluggish until recently. In this paper, we analyze …

quarterly or monthly data. Second, the above mentioned studies, both on Japan and the U.S., focus entirely on the manufacturing … Hi-Stat Discussion Paper Series No.108 Productivity and the Business Cycle in Japan: Evidence …://hi-stat.ier.hit-u.ac.jp/ Productivity and the Business Cycle in Japan* - Evidence from Japanese Industry Data - Tsutomu Miyagawa (Gakushuin University …

sheets of economic units are not quickly cleaned, when the nominal wage anchor breaks, and when there is no big and longer … of stagnation or low growth. Comparative case studies of the Great Depression, the Latin American debt crisis of the 1980 …s and the Japanese crisis of the 1990s and 2000s are presented. The following questions are asked: What triggered big …

public corporations, Japan Railway and NTT (Nippon Telegraph and Telephone), does not have to be taken into account in our … . 12 Following Hansen (1985) and Rogerson (1988), labor is indivisible so that a person either works h hours or does not … hwhgc =)( (11) ttttt EwEhgc =′ )( . (12) Equation (11) holds whether or not h is constrained and is the equation used to …

.6 Japan nebenwerte 8.3 –16.8 –7.1 21.2 Japan standardwerte4.5 –17.0 –5.2 20.5 Top-Branchen rohstoffe 71.1 –1.0 12.2 33 … Kostensenkungsmassnahmen, Entlassungen und Umstrukturierungen ihre Umsätze wieder ausweiten können. Auch wenn das Wirtschaftswachstum wieder …,5 Prozent für Indien und –Bestwert –9,8 Prozent für China. Überhitzungsgefahr droht Damit könnte China im Jahr 2010 Japan …

This paper shows that the EMU has not affected historical characteristics of member countries' business cycles and …, volatility has been historically higher and this has not changed in the last ten years. We also find that the aggregate euro area … similar business cycles since then and no significant change associated with the EMU can be detected. For the other countries …

recession of 1919-21, and may be the case in Japan today. In this paper we focus on the price level and growth experience of the …We distinguish between good and bad deflations. In the former case, falling prices may be caused by aggregate supply … United States and Canada, 1870-1913. Both countries adhered to the international gold standard. This meant that the domestic …

or "primitives" affected the Indian economy and caused the remarkable growth of the period 1982-2002? In this paper, we … unprecedented increase particularly in the 1990s. Our results further indicate that changes in labour market frictions and … investment market frictions did not play a significant role, though increased government consumption aided growth by propping up …