Asian Economic Policy Review
© Japan Center for Economic Research
Edited By: Takatoshi Ito, Kazumasa Iwata, Colin McKenzie and Shujiro Urata
Impact Factor: 0.28
ISI Journal Citation Reports © Ranking: 2012: 278/333 (Economics)
Online ISSN: 1748-3131
Recently Published Issues
The Japanese economy has been in a liquidity trap for more than a decade. In responding to the emergence of deflation, the Bank of Japan cut its policy interest rate several times until the rate finally reached the zero lower bound (ZLB) in February 1999. The policy rate had not hit the ZLB since the Great Depression. Why did this happen again in Japan and in other industrial countries? The six papers in this issue address this question with a particular focus on deflation in Japan.
Japan's Persistent Deflation and Monetary Policy: Editors' Overview
Takatoshi Ito, Kazumasa Iwata, Colin McKenzie, Shujiro Urata and Tsutomu Watanabe
Chronic Deflation in Japan
Kenji Nishizaki, Toshitaka Sekine and Yoichi Ueno
Micro Price Dynamics during Japan's Lost Decades
Nao Sudo, Kozo Ueda and Kota Watanabe
Product Downsizing and Hidden Price Increases: Evidence from Japan's Deflationary Period
Satoshi Imai and Tsutomu Watanabe
Who Faces Higher Prices? An Empirical Analysis Based on Japanese Homescan Data
Naohito Abe and Kyosuke Shiotani
A Pass-Through Revival
Is Downward Wage Flexibility the Primary Factor of Japan's Prolonged Deflation?
Sachiko Kuroda and Isamu Yamamoto
About the journal
The goal of Asian Economic Policy Review is to become an intellectual voice on the current issues of international economics and economic policy, based on comprehensive and in-depth analyses, with a primary focus on Asia. Emphasis is placed on identifying key issues at the time - spanning international trade, international finance, the environment, energy, the integration of regional economies and other issues - in order to furnish ideas and proposals to contribute positively to the policy debate in the region.
Please note that Asian Economic Policy Review does not currently accept contributed papers.
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Read the top Asian Economic Policy Review articles online:
The Fall and Rise of Keynesian Fiscal Policy
Alan J. Auerbach
Fiscal Challenges in the Euro Zone
José Manuel Campa
Global Financial Crisis and ASEAN: Fiscal Policy Response in the Case of Thailand and Indonesia
Kanit Sangsubhan and M. Chatib Basri
Demographic Change and Economic Growth in Asia
David E. Bloom and Jocelyn E. Finlay
Among Japanese academics and policymakers alike, there has been a pervasive feeling that Japan could have done better in managing the post-bubble stagnation that started in 1992. The two decades since the early 1990s are remembered as the “Lost Two Decades,” as the average economic growth rate during this period has been barely above 1%. Japan now finds itself at a crossroads, and it will be forced to make some tough decisions.
After two lost decades, the Japanese economy needs radical policy change to avoid further stagnation, which will likely end up in a fiscal crisis. Read this issue of AEPR to get the full picture.
In addition to reading the in-depth analysis in the issue, you can also watch the authors provide video abstracts of their papers: