Chakraborty, Suparna - EconWPA - 2004
There is no debate amongst economists that Japan performed poorly during the1990s. This can be seen in falling growth … promising ones. To do so, I applied the Business Cycle Accounting procedure developed by V V Chari, Ellen R McGrattan and … 1990s. So, any model that tries to focus on what went wrong in Japan in 1990s would do well to focus on frictions on …