Japan

...Japan sliding toward the financial brink, expressed by candidate for Finance Minister Hirohisa Fujii, due to Japan's rapidly accelerating public debt. What are Krugman's arguments, you ask? In a nutshell, they are (1) the 6-week high...

In this article: Paul Krugman, Hyperinflation, Recession, Inflation, U.S., Washington, and Stagflation

...in 1998 making the case for an effort to create inflationary expectations: Let us now bring this discussion back to earth, and to Japan in particular. Of course the Bank of Japan does not announce whether its changes in the monetary...

In this article: Inflation, Bank of Japan, Recession, Central Bank, The Fed, Paul Krugman, and United States

...policy: The first-best answer - that is, the answer that economic models, like my old Japan's trap analysis, suggest would be optimal - would be to credibly commit to higher inflation, so as to reduce real interest rates. But the key...

In this article: Inflation and Paul Krugman

...would choose to intervene in the workings of the economy. In a debate I had with Mr. Ferguson in London last month, he claimed that Japan was an extreme outlier and could be ignored. Really? Japan has championed both Friedman and Keynes.

In this article: China, Inflation, United States, Deflation, Recession, and Norsk Hydro

...and started pushing after 1933, both real output and prices went up. Krugman then turns to Japan from 1997 to 2003 as his second bad analogy with current Fed policy. Although Japan's "lost decade" began in 1992, Krugman starts with 1997.

In this article: Paul Krugman, The Fed, Recession, Tax, U.S., Inflation, and Deflation

Bearish economists like Paul Krugman see Germany turning into Europe's Japan-an aging, shrinking country with an anemic domestic economy dependent on an explosive cocktail of accumulating export surpluses channeled into risky lending abroad.

In this article: Angela Merkel, Germany, Europe, Recession, Unemployment, Centre for European Reform, Free Democrats, Bundesbank, World Bank, and Paul Krugman

...for the economy to rebound. In the late 1990s, Paul Krugman was persuaded by a demographic explanation of Japan's recession and downplayed the similarities between Japan's crisis and the 1981-82 U.S. recession. Nishimura shared a talk he's...

In this article: United States, Recession, Daniel Gross, Dog, Slate, Bank of Japan, and The Fed

Lost Paul Krugman channels Adam Posen on Japan's lost decade, and what it means for us: The guarantees that the US government has already extended to the banks in the last year, and the insufficient (though large) capital injections without...

In this article: Bankruptcy, Timothy Geithner, Bill Gross, Bank of America Corp, Paul Krugman, FDIC, and Citi

...global imbalances between U.S. and Western European deficits and the surpluses in China, Germany, Japan, and oil-exporting countries, Brittan suggests making Krugman the "Comptroller of the US Currency," to better regulate greedy commercial...

In this article: Paul Krugman, Ken Lewis, Samuel Brittan, Bank of America, Financial Times, and Barack Obama