IDEAS home Printed from
   My bibliography  Save this article

Japan’s Trap


  • Krugman, Paul

    (University of Princeton)


From the beginning of modern macroeconomics the real-world possibility of the liquidity trap situation that was initially discovered in quasi-static models became a matter of great debate. Using a simple macroeconomic model the author shows how the liquidity trap could be realized in dynamic context. The finding for interpretation of the causes of the depressive conditions that the Japan’s economy endures from the beginning of the 1990-s are used.

Suggested Citation

  • Krugman, Paul, 2015. "Japan’s Trap," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 1, pages 177-194, February.
  • Handle: RePEc:rnp:ecopol:ep2015

    Download full text from publisher

    File URL:
    Download Restriction: no


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rnp:ecopol:ep2015. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (RANEPA maintainer). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.