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This paper examines the role of misleading economic ideas that most likely promoted the economic disasters of the two deflationary periods in Japanese economic history. Misleading ideas deepened the depression during the interwar years, and erroneous thinking has prolonged the stagnation of the...
Persistent link: https://www.econbiz.de/10005783950
Persistent link: https://www.econbiz.de/10005705631
This paper examines the role of misleading economic ideas that most likely promoted the economic disasters of the two deflationary periods in Japanese economic history. Misleading ideas deepened the depression during the interwar years, and erroneous thinking prolonged the stagnation of the...
Persistent link: https://www.econbiz.de/10005357732
Persistent link: https://www.econbiz.de/10005527677
Persistent link: https://www.econbiz.de/10005531099
Persistent link: https://www.econbiz.de/10005531698
Persistent link: https://www.econbiz.de/10005431342
Evidence suggests that Japan's basic research levels seem to lag behind that of the USA. This paper seeks to investigate (1) the reasons for this difference in the context of societal impact on the creation of intellectual products, (2) the influence of the different legal systems as they relate...
Persistent link: https://www.econbiz.de/10005443114
Persistent link: https://www.econbiz.de/10005392623
We present a simple monetary model (with sticky prices) to highlight spillovers to output gaps. We then show using a sequence of nonstructural VARs and a Global VAR, the effects of monetary policies measured using short-term interest rates and money base stocks. We conclude that money base...
Persistent link: https://www.econbiz.de/10011208916