search query: @author Brunner, A. / total: 2
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| Author: | Brunner, A. Kamin, S. |
| Title: | Determinants of the 1991-1993 Japanese recession: evidence from a structural model of the Japanese economy |
| Journal: | Japan and the World Economy
1996 : DEC, VOL. 8:4, p. 363-399 |
| Index terms: | ECONOMIC CONDITIONS JAPAN MODELS |
| Language: | eng |
| Abstract: | The objectives of this paper are to determine the extent to which various factors contributed to the most recent recession in Japan and to access whether the recent behaviour of the Japanese economy differs from that in previous recessions. Toward that end, the authors develop a small, structural macroeconomic model of the Japanese economy and estimate it using data from 1971 Q1 to 1991 Q1, the period just prior to the recent downturn. The important results can be summarized as follows. First, the severity of the recent recession probably does not reflect structural economic changes. |
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