The Great Recession: Lessons for Macroeconomic Policy from Japan, Comments and Discussion
Author(s)
Fischer, Stanley; Makin, John
Abstract
This article seeks to analyze the question “Why, if the answer is so simple, have policy makers allowed Japanese economy to perform so poorly for over a decade?” Particular emphasis is given to the Japanese economy during the 1990s which, although unimpressive, was not disastrous.
