Resource title

Some lessons from the Japanese bubble

Resource image

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Resource description

In the second part of the 80s, Japan was under political pressure to expand aggregate demand. It followed suit in increasing its money supply. This caused severe inflation and the financial bubble which collapsed in 1990 resulting in capital losses and in a sizable loss of GDP. This paper draws some lessons from the Japanese experience. The bottom line is that Japan became the victim of a misleading concept of global demand management.

Resource author

Horst Siebert

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/2247

Resource license

Adapt according to the presented license agreement and reference the original author.