Comment on ‘It takes more than a bubble to become Japan’
The focus on Japan in this conference serves two purposes. The first is to highlight the cost of bubbles and examine the place for policy action to limit the worst of excesses in asset price bubbles. This is obviously important to the debate now occurring in Australia. The second purpose is to focus on the problems of a sustained collapse in asset prices and how to deal with them. Japan matters to the global economy and the sooner it gets its economic act together the better for us all. Adam’s...[Show more]
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