Category Archives: Japan

Paul Krugman: Potential Mistakes (Wonkish)


  Update: I should have mentioned that the CBO doesn’t use the filtering method in its estimates for the US; as best I understand it, it uses a production function approach that is much less likely to interpret a prolonged … Continue reading

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Paul Krugman: The Moral Equivalent of Space Aliens


  To almost everyone’s surprise, Japan — Japan! — has emerged as the advanced country most willing to break with austerian orthodoxy and try a combination of aggressive monetary and fiscal stimulus. The verdict on Abenomics is, of course, still … Continue reading

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Paul Krugman: Monetary Policy In A Liquidity Trap


  I’ve made it clear that I very much approve of Japan’s new monetary aggressiveness. But I gather that some readers are confused – haven’t I been arguing that monetary policy is ineffective in a liquidity trap? The brief answer … Continue reading

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Paul Krugman: We Get Results, Japan Edition


  Let it not be said that the scribblings of academic economists have no effect. Some of us have been urging the Bank of Japan to get truly aggressive and adventurous on monetary policy — and it’s happening! And it … Continue reading

Posted in Japan, Macroeconomics, Paul Krugman | 1 Comment