Since the crash of its stock market in 1989, the Japanese economy has seen little economic growth
Question:
a. From the data, determine the type of policies Japans policy makers undertook at that time to promote growth.
b. We can safely consider a short-term interest rate that is less than 0.1% to effectively be a 0% interest rate. What is this situation called? What does it imply about the effectiveness of monetary policy? Of fiscal policy?
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Related Book For
Macroeconomics
ISBN: 978-1319120054
3rd Canadian edition
Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson
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