The Japanese Slump

UCLA Dept. of Economics Working Paper No. 811

13 Pages Posted: 18 Apr 2002

See all articles by Deepak Lal

Deepak Lal

University of California, Los Angeles (UCLA) - Department of Economics; University College London

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

Lal, Deepak K., The Japanese Slump (January 2002). UCLA Dept. of Economics Working Paper No. 811, Available at SSRN: https://ssrn.com/abstract=307819 or http://dx.doi.org/10.2139/ssrn.307819

Deepak K. Lal (Contact Author)

University of California, Los Angeles (UCLA) - Department of Economics ( email )

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