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Japan's Ultraloose Monetary Policy Has Undermined Savings and Prosperity

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Tags Monetary PolicyWorld History

11/14/2020Gunther SchnablTaiki Murai

The Japanese experience offers valuable lessons for the US and Europe. A loose monetary policy can stabilize a recession for the short term, but a persistent flood of cheap money paralyzes productivity gains and growth.

Original Article: "Japan's Ultraloose Monetary Policy Has Undermined Savings and Prosperity​".

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Authors:

Contact Gunther Schnabl

Gunther Schnabl is a professor of international economics and economic policy in the department of economics at Leipzig University, Germany.

Taiki Murai

Taiki Murai is research assistant at the Institute for Economic Policy of Leipzig University.

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