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Unformatted text preview: G. Raising expected future real growth III. J APAN IN THE 1990 S AND 2000 S A. Diagnosis of the problem B. Bernankes critique of Japanese monetary policy C. Japans growth record IV. U NITED S TATES IN THE 1930 S A. Recovery in the 1930s B. Devaluation as a regime shift C. Actual fiscal and monetary expansion V. U NITED S TATES SINCE 2008 A. Major IS shock in fall 2008; quickly hit the zero nominal bound B. Impact of large-scale asset purchases (quantitative easing) C. Federal Reserve communications policy...
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This note was uploaded on 02/28/2012 for the course ECON 134 taught by Professor Davidromer during the Spring '12 term at University of California, Berkeley.
- Spring '12