I have long argued that Japanese story is a lot more complicated than it is normally said to be. It is correct that Japan’s lost decade was not a story of two lost decades and in my view quant...
https://marketmonetarist.com/2012/01/09/japan-shows-that-qe-works/#comment-10351
Japan shows that QE works Did Japan have a “productivity norm”? There is no such thing as fiscal policy – and that goes for Japan as well Friedman’s Japanese lessons for the ECB The scar...
https://marketmonetarist.com/2012/01/09/japan-shows-that-qe-works/#comment-8794
I have written a number of comments on Japan (see here, here and here).
https://marketmonetarist.com/2012/01/09/japan-shows-that-qe-works/#comment-2414
Thank JPK, interesting graph and it seems that the recovery starts (on some of the graphs) around 1999. The is consistent with what Selgin is saying. Furthermore, it should be noted that demand d...
https://marketmonetarist.com/2012/01/09/japan-shows-that-qe-works/#comment-2177
In reply to JP Koning. Ok Lars, I made my own chart with GDP per worker. I think it provides a bit mo...
https://marketmonetarist.com/2012/01/09/japan-shows-that-qe-works/#comment-2174
Also, how much can the hiccup experienced by Japan in 1998 be blamed on the BoJ and how much on the Asian financial crisis?
https://marketmonetarist.com/2012/01/09/japan-shows-that-qe-works/#comment-2144
It would be interesting to see your chart with GDP per working-age resident and not GDP per capita.
https://marketmonetarist.com/2012/01/09/japan-shows-that-qe-works/#comment-2143
Exactly Alex...and I think the Quasi-Real Price Index makes it very easy to see the difference between the two...
https://marketmonetarist.com/2012/01/09/japan-shows-that-qe-works/#comment-2136
Bravo. Once again, the failure to differentiate between "good" and "bad" inflation/deflation leads to unfortunate policy outcomes.
https://marketmonetarist.com/2012/01/09/japan-shows-that-qe-works/#comment-2135