Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/101147 
Erscheinungsjahr: 
2013
Schriftenreihe/Nr.: 
ADBI Working Paper No. 430
Verlag: 
Asian Development Bank Institute (ADBI), Tokyo
Zusammenfassung: 
Japan's "two lost decades" perhaps represent an extreme example of a weak recovery from a financial crisis, and are now referred to as "Japanization." More recently, widespread stagnation in advanced economies in the wake of the global financial crisis led to fears that Japanization might spread to other countries. This study examines the dimensions of Japanization - including low trend growth, debt deleveraging, deflation, and massive increases in government debt - and analyzes their possible causes - including inadequate macroeconomic policy responses, delayed banking sector restructuring, inadequate corporate investment, loss of industrial competitiveness, a slowdown in total factor productivity (TFP) growth due to excessive regulation and economic rigidities, and an aging society.
Schlagwörter: 
economic growth
total factor productivity
inflation
demographics
credit growth
banking crises
JEL: 
E20
E31
E51
F31
G01
Dokumentart: 
Working Paper

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