Japan went into a recession two decades ago and has been experiencing economic stagnation ever since. With low growth in the US, there may be lessons policymakers here can take from monetary and fiscal policy moves in Japan. Barry Bosworth, senior fellow for Economic Studies at Brookings, says both Japan and the US need to embrace significant, structural changes to their economies in order to spur real growth:
Posted
12-13-2011 9:45 AM
by
Graham Griffith
Filed under: Japan, monetary policy, recession, global recession, fiscal policy, GDP, growth, brookings, US, stagnation, structural change