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The great stagnation: what can policymakers do?

Wadhwani, Sushil B. (2013) The great stagnation: what can policymakers do? CEP Discussion Papers (CEPDP1198). London School of Economics and Political Science. Centre for Economic Performance, London, UK.

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Although the economic recovery in the UK has been disappointing, it is inappropriate to either assert that Japan’s two lost decades illustrate the ineffectiveness of stimulative monetary policy or that the UK is predestined to perform as badly as Japan. Recall that the UK has, so far, avoided the deflation that held back the Japanese economy. One could, instead, argue that Japan illustrates the pitfalls associated with insufficiently aggressive monetary policy. Hence, it is appropriate to consider how we might make monetary policy more effective in the UK.

Item Type: Monograph (Discussion Paper)
Official URL:
Additional Information: © 2013 The Author
Divisions: Centre for Economic Performance
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HC Economic History and Conditions
J Political Science > JF Political institutions (General)
JEL classification: H - Public Economics > H0 - General
Date Deposited: 08 Aug 2013 08:12
Last Modified: 16 May 2024 11:59

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