Comments by Zhichao Zhang, on Monetary Policy and Structural Decline: Lessons from Japan for the European Crisis.

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    • Abstract:
      The author comments on the article "Monetary Policy and Structural Decline: Lessons from Japan for the European Crisis" by Gunther Schnabl, which appeared within the issue. Topics discussed include the need to consider the feasibility of a nation's economic policy when taking lessons from Japan for Europe, the role of the time factor in evaluating the Japanese lesson for Europe, and the usefulness of counter-pointing the two economies to find similarities of their policy patterns.