Exploring the literature on the Japanese stagnation in the nineties: a business-cycle-accounting approach

Detalhes bibliográficos
Autor(a) principal: Cunha, Gustavo
Data de Publicação: 2013
Outros Autores: Costa, Luís F.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/30172
Resumo: In this article we analyse the vast literature advancing explanations for the Japanese stagnation of the 1990s, using the Business-Cycle-Accounting approach proposed by V. Chari, P. Kehoe, and E. McGrattan. This methodology allows us to identify the most (and the least) promising types of explanations using the empirical evidence available. We find that capital-market frictions and total factor productivity fluctuations explain most of the variability observed in the data, and labour-market frictions do not play a significant role
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spelling Exploring the literature on the Japanese stagnation in the nineties: a business-cycle-accounting approachBusiness CyclesStagnationJapanIn this article we analyse the vast literature advancing explanations for the Japanese stagnation of the 1990s, using the Business-Cycle-Accounting approach proposed by V. Chari, P. Kehoe, and E. McGrattan. This methodology allows us to identify the most (and the least) promising types of explanations using the empirical evidence available. We find that capital-market frictions and total factor productivity fluctuations explain most of the variability observed in the data, and labour-market frictions do not play a significant roleAlmedinaRepositório da Universidade de LisboaCunha, GustavoCosta, Luís F.2024-02-21T11:30:55Z20132013-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/30172engCunha, Gustavo and Luís F. Costa .(2013). “Exploring the literature on the Japanese stagnation in the nineties: a business-cycle-accounting approach”. In Estudos de Homenagem a João Ferreira do Amaral. (Coords.) João Carlos Lopes … [et al.]. Coimbra, Almedina: pp. 467-498; Available at SSRN: https://ssrn.com/abstract=2355721. (Search PDF in 2024).978-972-40-5198-7info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-02-25T01:35:37Zoai:www.repository.utl.pt:10400.5/30172Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:11:25.556663Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Exploring the literature on the Japanese stagnation in the nineties: a business-cycle-accounting approach
title Exploring the literature on the Japanese stagnation in the nineties: a business-cycle-accounting approach
spellingShingle Exploring the literature on the Japanese stagnation in the nineties: a business-cycle-accounting approach
Cunha, Gustavo
Business Cycles
Stagnation
Japan
title_short Exploring the literature on the Japanese stagnation in the nineties: a business-cycle-accounting approach
title_full Exploring the literature on the Japanese stagnation in the nineties: a business-cycle-accounting approach
title_fullStr Exploring the literature on the Japanese stagnation in the nineties: a business-cycle-accounting approach
title_full_unstemmed Exploring the literature on the Japanese stagnation in the nineties: a business-cycle-accounting approach
title_sort Exploring the literature on the Japanese stagnation in the nineties: a business-cycle-accounting approach
author Cunha, Gustavo
author_facet Cunha, Gustavo
Costa, Luís F.
author_role author
author2 Costa, Luís F.
author2_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Cunha, Gustavo
Costa, Luís F.
dc.subject.por.fl_str_mv Business Cycles
Stagnation
Japan
topic Business Cycles
Stagnation
Japan
description In this article we analyse the vast literature advancing explanations for the Japanese stagnation of the 1990s, using the Business-Cycle-Accounting approach proposed by V. Chari, P. Kehoe, and E. McGrattan. This methodology allows us to identify the most (and the least) promising types of explanations using the empirical evidence available. We find that capital-market frictions and total factor productivity fluctuations explain most of the variability observed in the data, and labour-market frictions do not play a significant role
publishDate 2013
dc.date.none.fl_str_mv 2013
2013-01-01T00:00:00Z
2024-02-21T11:30:55Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/30172
url http://hdl.handle.net/10400.5/30172
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Cunha, Gustavo and Luís F. Costa .(2013). “Exploring the literature on the Japanese stagnation in the nineties: a business-cycle-accounting approach”. In Estudos de Homenagem a João Ferreira do Amaral. (Coords.) João Carlos Lopes … [et al.]. Coimbra, Almedina: pp. 467-498; Available at SSRN: https://ssrn.com/abstract=2355721. (Search PDF in 2024).
978-972-40-5198-7
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Almedina
publisher.none.fl_str_mv Almedina
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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