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Lost Decade in Translation: Did the US Learn from Japan's Post-Bubble Mistakes?

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NBER2004-11-01 更新2025-01-04 收录
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In 1991, the Japanese economy ended a historic expansion and entered a period of stagnation that has yet to abate. Nine years later, the US economy ended a similarly historic expansion. There were many similarities in the two countries' expansions: asset price bubbles, a real investment boom, easy

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2004-11-01
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