Can IT be Japan's Savior?
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This paper constructs a multi-sector model to take explicit account of the very sharp change in the relative price between non-IT and IT goods. The model is calibrated to the Japanese economy, and its solution path from 1990 on is compared to Japan's macroeconomic performance in the 1990s. Compared
提供机构：
美国国家经济研究局创建时间：
2005-11-01
