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, Kehoe, and McGrattan (2007). Our main result is that weak productivity growth cannot account for the experienced stagnation …. Rather, the stagnation is explained by factors that made labor and investment expensive. We show that an increase in labor …
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stagnation of investment, especially private fixed investment, was the primary culprit. I then investigate the causes of the … stagnation of household consumption during the 1990s and find that the stagnation of household disposable income, the decline in …
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Japan hat nicht nur 15 Jahre vor Europa einen Boom-und-Krisen-Zyklus durchschritten, sondern auch wichtige Erfahrungen mit Krisentherapien in Form von monetärer Lockerung, expansiver Finanzpolitik und Rekapitalisierung von Finanzinstituten gemacht. Japan hat die Nullzinsgrenze bereits 1999...
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stagnation. We examine a panel of 241 stagnation episodes" from 146 countries, 54 % of these episodes are followed by takeoffs …. Countries that experience takeoffs average 2.3% annual growth following their stagnation episodes, while those that do not …
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