Restoring Japan's Economic Growth¶
Posen. (1998). Restoring Japan's Economic Growth.
Cited by¶
1 citation across 1 artifact.
Domain-specific¶
- Balance-Sheet Recession
- Large fiscal deficits held output roughly flat, and when the Hashimoto government tightened fiscally in 1997 (raising the consumption tax from 3% to 5%), the economy relapsed
Supported in partVerified against a saved copy of the source
“contractionary fiscal policies, notably the consumption tax increase of April 1997, slowed the economy”
- Large fiscal deficits held output roughly flat, and when the Hashimoto government tightened fiscally in 1997 (raising the consumption tax from 3% to 5%), the economy relapsed
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Registry ID ref:7f9842db54f8 · see in the full table