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Japan as a role model?

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  • Richard G. Anderson

Abstract

Some analysts, noting Japan's continued slow deflation, assert that Japan is trapped in a slow-growth, deflationary equilibrium. Former Governor Shirakawa argued that Japan had \\"gotten out\\"?at least when judged by the growth of real GDP.>

Suggested Citation

  • Richard G. Anderson, 2013. "Japan as a role model?," Economic Synopses, Federal Reserve Bank of St. Louis.
    • Handle: RePEc:fip:fedles:y:2013:n:19
    as

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    References listed on IDEAS

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    1. Benhabib, Jess & Schmitt-Grohe, Stephanie & Uribe, Martin, 2001. "The Perils of Taylor Rules," Journal of Economic Theory, Elsevier, vol. 96(1-2), pages 40-69, January.
    2. Adam S. Posen, 2010. "The Realities and Relevance of Japan’s Great Recession: Neither Ran nor Rashomon," Working Paper Series WP10-7, Peterson Institute for International Economics.
    3. Jess Benhabib & Stephanie Schmitt-Grohe & Martin Uribe, 2002. "Avoiding Liquidity Traps," Journal of Political Economy, University of Chicago Press, vol. 110(3), pages 535-563, June.
    4. Stephanie Schmitt-Grohé & Martín Uribe, 2014. "Liquidity Traps: an Interest-rate-based Exit Strategy," Manchester School, University of Manchester, vol. 82(S1), pages 1-14, September.
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    Keywords

    Japan; Economic growth;

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