Theory and Evidence based on an Econometric Analysis
by
Osamu Nakamura
Language: English
Release Date: March 25, 2013
The Japanese economy has experienced a structural deflationary gap since the mid-1970s. Although the gap was decreasing in the bubble period, the deflationary economy has become more serious since the bursting of the bubble. Accordingly, this book attempts to examine the causes of the Japanese deflationary...