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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Abstract
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) |
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| Official URL: | http://cep.lse.ac.uk/_new/publications/series.asp?... |
| 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: | 11 Dec 2024 19:10 |
| URI: | http://eprints.lse.ac.uk/id/eprint/51531 |
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