Abenomics: Has it worked? Will it fail?

Sebastien Lechevalier and Brieuc Monfort

Working Papers from HAL

Abstract: Abenomics initially generated high expectations but it has more recently come to be seen as yet another failed economic experiment. Yet discussion of Abenomics often verges on caricature. It is thus crucial to provide a critical and balanced evaluation. We argue that, over the past four years, the proactive policies pursued under Abenomics have played a decisive role in reversing one cause of the Japanese slowdown – inconsistent economic policies – and that they are now yielding preliminary results. We are more critical in regards to long-term issues: as the case of trade policy shows, the problem is not so much a lack of structural reform as limits to its ability to increase Japan's growth potential.

Keywords: fiscal policy; Monetary policy; structural reforms; deflation; Japan (search for similar items in EconPapers)
Date: 2016-12-13
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01415428
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://shs.hal.science/halshs-01415428/document (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:halshs-01415428

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().