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National Repository of Grey Literature 1 records found  Search took 0.01 seconds. 
The Problem of Deflation in the Japanese Context
 Kudláčková, Daniela ; Dočkal, Dalibor (advisor) ; Ježek, Tomáš (referee)
In the late 1990s deflation returned to the centre of interest of economists. One of the reasons was the recent japanese experience from the 1990s when deflation followed the long-lasting recession. The aim of the work is to find out if deflation was the main reason of the japanese economic recession or if it was only a symptom of some deeper problems. In the first part the paper presents possible definitions of deflation and compares theoretical approaches to this phenomenon -- the mainstream and austrian approaches. The second part focuses directly on the japanese economy. First, it explains historical and economic circumstances which are necessary for correct evaluation of the character of japanese deflation. Next, it offers an analysis of the deflation per se, tries to investigate its character and causes. On the basis of the deep knowledge of the development of japanese economy and data analysis, the paper considers deflation more likely to be a symptom of deeper economic problems than one of the main reasons of japanese recession.
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