{"title":"Looking into the rear-view mirror: Lessons from Japan for the Eurozone and the U.S?","authors":"Pierre L. Siklos","doi":"10.1016/j.aglobe.2021.100003","DOIUrl":"https://doi.org/10.1016/j.aglobe.2021.100003","url":null,"abstract":"<div><p>This paper reconsiders the narratives surrounding Japan's economic performance since the 1980s in relation to the experiences of the U.S. and the Eurozone. There are important differences between these three economies and some striking parallels. It is found that the poor reputation of the Bank of Japan (BoJ) is, at times, underserved. To be sure, there were periods of excessive tightness in policy, but the same is true for the other two economies considered. Indeed, the BoJ has been more credible than the other two central banks considered at various times over the past three decades.</p><p>In addition, a look back at BoJ over the decades does not provide much support the hypothesis that a significant policy break translates into economic success. Instead, smaller changes are just as likely to lead to a tipping point with significant consequences. Indeed, some narrative-based significant regime shifts do not show in the data.</p></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"1 1","pages":"Article 100003"},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.aglobe.2021.100003","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"92071966","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Current Trends in Global Production","authors":"","doi":"10.4324/9780429311321-3","DOIUrl":"https://doi.org/10.4324/9780429311321-3","url":null,"abstract":"","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"27 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74351245","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Implications for the U.S. Economy","authors":"","doi":"10.4324/9780429311321-5","DOIUrl":"https://doi.org/10.4324/9780429311321-5","url":null,"abstract":"","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"27 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83315226","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Epilogue: Seeking an Alternative to the Global Economy","authors":"J. Dougherty","doi":"10.4324/9780429311321-10","DOIUrl":"https://doi.org/10.4324/9780429311321-10","url":null,"abstract":"","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"30 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85552333","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Conclusion: A Sociological Assessment of Divergent Perspectives","authors":"E. Gondolf","doi":"10.4324/9780429311321-9","DOIUrl":"https://doi.org/10.4324/9780429311321-9","url":null,"abstract":"","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89109326","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A Case Study of the Steel Industry","authors":"","doi":"10.4324/9780429311321-4","DOIUrl":"https://doi.org/10.4324/9780429311321-4","url":null,"abstract":"","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"2013 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89950224","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Origins of the Global Economy","authors":"","doi":"10.4324/9780429311321-2","DOIUrl":"https://doi.org/10.4324/9780429311321-2","url":null,"abstract":"","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"37 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78559627","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Proposals for Revitalization","authors":"","doi":"10.4324/9780429311321-8","DOIUrl":"https://doi.org/10.4324/9780429311321-8","url":null,"abstract":"","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"6 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84460870","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Social Costs for Women and Blacks","authors":"","doi":"10.4324/9780429311321-7","DOIUrl":"https://doi.org/10.4324/9780429311321-7","url":null,"abstract":"","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"10 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88053970","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Introduction: A Historical Overview of the Global Economy","authors":"I. Marcus","doi":"10.4324/9780429311321-1","DOIUrl":"https://doi.org/10.4324/9780429311321-1","url":null,"abstract":"","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"714 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78728241","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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