growth stimulus by the state. Some tentative conclusions for the subprime financial crisis and the Great Recession are drawn. …

between 2002 and 2009. However, the transmission effect of the recession periods in the U.S. into the demand for money in the …

between 2002 and 2009. However, the transmission effect of the recession periods in the U.S. into the demand for money in the …

, Japan, or China would best serve as monetary anchor country for East Asian countries. The criteria used are trade openness …

too-low inflation. The experience of the Bank of Japan's encounter with the zero lower bound suggests important benefits … of Japan (BoJ) seit den späten 1990er Jahren und zeigt auf, worauf bei der Formulierung geachtet werden sollte. …

The Bank of Japan has used unconventional monetary policies to fight deflation and stabilize the financial system since … the late 1990s. While the Bank of Japan's reflation efforts have evolved over time, inflation and inflation expectations … have remained stubbornly low. This paper examines the evolution of monetary policy in Japan over the past twenty years, in …

. Originality/value – First, the paper presents a systematic comparison between the great depression and the great recession …