1. Japan is not a guide.
- Author
-
Erskine, Alex
- Subjects
- *
ECONOMIC policy , *PRICE deflation ,ECONOMIC conditions in Japan, 1989- ,UNITED States economic policy ,UNITED States politics & government, 2001-2009 - Abstract
Discusses why the economic policies of other countries should not be focusing on problems which can be caused by deflation, as a response to the crisis affecting the economy of Japan since 1990. Possibility that the strategy may lead to inflation; Negative effect of the creation of an artificially low cost of capital; Details on how the monetary policy of the U.S. and Australia can be changed in order to deal effectively with the crisis.
- Published
- 2003