Japan's lessons for America's budget warriors
AbstractResponding to Japan’s long-lasting economic woes, the country’s new prime minister, Shinz? Abe, has pushed the Bank of Japan to print more money and enacted an ambitious public spending stimulus package that amounts to 2.6 percent of Japan’s GDP. But the United States should not respond the same way as Japan because it does not share that nation’s deflation.
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Bibliographic InfoPaper provided by American Enterprise Institute in its series Working Papers with number 36692.
Date of creation: Jan 2013
Date of revision:
Japanese economy; Japanese deflation; Economic outlook; FOMC; yen;
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- NEP-ALL-2013-08-31 (All new papers)
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