The Japanese Slump
UCLA Dept. of Economics Working Paper No. 811
13 Pages Posted: 18 Apr 2002
Date Written: January 2002
Abstract
This paper examines the Japanese slump through the respecive macroeconomic spectacles of Hayek and Keynes, and shows that the decade old slump is Hayekian in nature, and its cure is hampered both by the high yen policy misguidedly thrust on Japan by the US as well the peculiarities of Japanese political economy.
JEL Classification: O23, E10, F4, E3, H1
Suggested Citation: Suggested Citation
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