کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5086459 | 1375182 | 2007 | 9 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Consumer confidence and economic stagnation in Japan
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
This paper examines whether self-fulfilling expectations could have been the cause of the economic stagnation experienced by Japan in the 1990s. A real business cycle model with indeterminacy of equilibria and variable capital utilization is used to simulate the economy of Japan. Driven solely by expectation shocks, the model can replicate the economic bubble that occurred in the late 1980s and the prolonged slowdown that occurred in the 1990s. These results suggest that expectations should not be excluded as a possible source of Japan's recent economic difficulties.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Japan and the World Economy - Volume 19, Issue 3, August 2007, Pages 338-346
Journal: Japan and the World Economy - Volume 19, Issue 3, August 2007, Pages 338-346
نویسندگان
Jon Nadenichek,