Whither Monetary and Financial Stability? The Implications of Evolving Policy Regimes

@inproceedings{2005WhitherMA,
  title={Whither Monetary and Financial Stability? The Implications of Evolving Policy Regimes},
  author={},
  year={2005}
}
  • Published 2005
ing from some cross-country differences, the charts illustrate that since the 1970s two major cycles have taken place and a third is under way, in sympathy with real economic activity. They correspond to the early to mid-1970s, the mid-1980s to the early or mid-1990s, and the second half of the 1990s to the present. Japan did not take part in the latest upswing following the bust in asset prices at the turn of the 1990s and the subsequent “lost decade.” The data indicate that, if anything, the… CONTINUE READING
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