: Recent economic and financial developments and the conduct of monetary policy
: Recent economic and financial developments and the conduct of monetary policy
复制标题
:近期经济和金融发展以及货币政策的实施
DOI:
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复制
发表时间:
2008
期刊:
影响因子:
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通讯作者:
K. Nishimura
中科院分区:
文献类型:
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作者:
K. Nishimura
The Japanese economy has recovered continuously since hitting the bottom in early 2002. Although an average of around 2 percent real GDP growth during this period does not seem particularly high, it is above the economy's potential, and shows remarkable stability. Thestability comes not from a uniform decline of demand fluctuations across sectors, but from a canceling-out of small fluctuations of demand in different sectors. In fact, one salient characteristic of this period is that the timing of peak production varied among industries.