future and they have been concerned by Japan's long-term recession. This paper will address why Japan's economy has stagnated … Paul Krugman, that the Japanese economy is in a liquidity trap. We argue that Japan's economic stagnation stems from a …Japan has suffered from sluggish economic growth and recession since the 1990s, a phenomenon dubbed "Japan's Lost …

the Canadian economy. We focus on several sources of shocks, including commodity prices, foreign economic activity, and … comprehensive picture of the effect of international shocks on the Canadian economy. Our findings indicate that Canada is primarily … prices impact the Canadian economy: Canada benefits from higher commodity prices through a positive terms of trade shock, but …