2016 Fiscal Year Final Research Report
Economic Crisis and Economics: Economic Policy and Policy Ideas during the 1990s Japan
| Project/Area Number |
25380257
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Multi-year Fund |
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| Section | 一般 |
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| Research Field |
Economic doctrine/Economic thought
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| Research Institution | Waseda University |
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Principal Investigator |
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| Project Period (FY) |
2013-04-01 – 2017-03-31
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| Keywords | 経済学史 / 日本経済 / １９９０年代 / 経済危機 / 経済政策 / アベノミクス |
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| Outline of Final Research Achievements |
First, this research project examines the economic controversies during the 1990s Japan, showing that there were serious divisions and clashes of economic policy ideas, especially between the one which attributes the cause of Japan's Great Stagnation to structural factors and the other which attributes the cause to macroeconomic policy failure. Second, compared with other economic crises such as the 1930s Great Depression and the 1970s Great Inflation, Japan's Great Stagnation has a lot of affinities with the 1930s Great Depression: this has been recognized and used as an inspiration for some participants of the controversies. Third, from this research's perspective, Abenomics, the new economic policy initiative under the Second Shinzo Abe administration since December 2012, is to be interpreted as providing a correction to the macroeconomic policy failures of the 1990s. However, the divisions and clashes of economic ideas have still remained today, which would influence the future.
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| Free Research Field |
経済学史
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