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Japan's bubble, deflation, and long-term stagnation

By: Material type: TextTextPublication details: 2011 The MIT Press LondonDescription: xi, 420 pISBN:
  • 9780262014892
Subject(s): DDC classification:
  • 330.952 J2
Summary: Japan's economic bubble burst in the early 1990s, and the country entered its famous lost decade?a period of stagnation and economic disruption that persisted until 2003. The current declines in global equity and real estate markets have eerie parallels to Japan's economic woes of the 1990s. If we are to avoid repeating Japan's experience on a global scale, we must understand what happened, why it happened, and the effectiveness (or ineffectiveness) of Japan's policy choices. In this volume, prominent economists Japan specialists and others bring state-of-the-art models and analytic tools to bear on these questions. (http://mitpress.mit.edu/catalog/item/default.asp?ttype=2&tid=12311)
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Japan's economic bubble burst in the early 1990s, and the country entered its famous lost decade?a period of stagnation and economic disruption that persisted until 2003. The current declines in global equity and real estate markets have eerie parallels to Japan's economic woes of the 1990s. If we are to avoid repeating Japan's experience on a global scale, we must understand what happened, why it happened, and the effectiveness (or ineffectiveness) of Japan's policy choices. In this volume, prominent economists Japan specialists and others bring state-of-the-art models and analytic tools to bear on these questions. (http://mitpress.mit.edu/catalog/item/default.asp?ttype=2&tid=12311)

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