| ID | 086868 |
| Title Proper | Acting to head off stagflation |
| Language | ENG |
| Author | Keiichiro, Kobayashi |
| Publication | 2008. |
| Summary / Abstract (Note) | Unlike the long slump Japan experienced in the 1990s, which was due to domestic causes, the economy's current problems are due almost entirely to exogenous factors. A supply-side shock may result in stagflation, to which macroeconomic fiscal and monetary policies will be powerless to provide a solution; the only practical response will be technological innovation. Japan should channel efforts into developing technologies that oil-producing nations will require over the long term |
| `In' analytical Note | Japan Echo Vol. 35, No.6; Dec 2008: p15-17 |
| Journal Source | Japan Echo Vol. 35, No.6; Dec 2008: p15-17 |
| Key Words | Stagflation ; Japan ; Economy ; Financial Crisis |