Mises Wire
Author:
Taiki Murai
Gunther Schnabl
Online Publish Date:
In Europe, the danger of “Japanization”—a long-lasting economic stagnation accompanied by expansionary monetary and fiscal policies (Schnabl 2015)—is now discussed more intensively, as the stagnation in southern Europe continues and the ultraloose monetary policy of the European Central Bank (ECB) is widely expected to persist. Concerns about