Paul Sheard

Articles Finance

Japan’s Reflation Drive: Don’t Quit, Double Down!

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For him to suggest that it is better for prices to fall than rise is equivalent to the Pope renouncing Catholicism.

Articles Finance

How the Lehman Shock Helped Revive Japan

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Paul Krugman declared “Japan used to be a cautionary tale, but the rest of us have messed up so badly that it almost looks like a role model”