- prisoner26535Lv 79 年前最佳解答
Then, how do you use this to explain the Japanese economy in the past 20 years?
2012-01-27 21:05:54 補充：
In this model, economic growth tends to follow Recovery, Overheat, Stagflation, and Recession, 4 stages in clockwise direction.
2012-01-27 21:10:23 補充：
Not that I agree on this observation - just a translation job.
In this model, the prosperity cycle will go through the four stages of recovery, overheat, stageflation and recession in a clockwise manner.
- rJameshoLv 79 年前
This model does not work when recession is structural rather than cyclincal. Both Japan (1990-present) and US (2000-present) are experiencing significant structural changes that throw models of this kind out of the window -- while US is still in denial.
2012-01-28 00:44:12 補充：
The technical term for "景氣週期" is business cycle.
- 9 年前
In this model,the 4 steps of the prosperity cycle go along recovery,overheat,stagflaction and recession which show the obeying clock
It's just a theory. Thank you.