Archive for Japan Lost Decade
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Lessons from the Japanese long recession
«The effects of fiscal stimulus are likely to be short-lived unless financial system problems are resolved. In particular, without sound capital buffers in the banking system, fiscal stimulus may prove ineffective in generating a sustained recovery on its own, as was the case in Japan.»
A conversation with IMF specialists in Japan’s crisis management
«If the big creditors insist on continuing to run surpluses, this downturn will become deeper and longer than it otherwise would», says Robert Madsen from the MIT
There’s a big responsibility from the countries with liquidity – they are the main engine that can reverse the present severe depression. They have to fuel demand. America is no more the engine of growth. An interview with Robert Madsen, senior fellow at the MIT Center for International Studies.
