Series: IMF Working Papers
Author(s): Tamim Bayoumi
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 1999
Keywords: Economic slump, financial intermediation, bank lending, monetary policy, bank loans, real interest rate, banking
This paper uses vector autoregressions (VARs) to investigate four explanations of the extended slump in Japanese economic activity during the 1990s: the absence of bold and consistent fiscal stimulus; limited room...