However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound. Toshihiko Fukui avertbankbind Change image and share on social
The standard growth theory tells us that economic growth in per capita basis comes from mainly two sources: capital deepening and total factor productivity growth, or TFP growth. Toshihiko Fukui basiscapitacapital Change image and share on social
With weak balance sheets, banks tend to continue lending unprofitable businesses and leave them existing. Toshihiko Fukui balancebankbusiness Change image and share on social
Well-functioning financial systems are important in achieving sustained economic growth. They play a crucial role in channeling household savings into the corporate sector and allocating investment funds among firms. Toshihiko Fukui achieveallocatechannele share on social
The increased global linkages promote economic growth in the world through two key mechanisms: the division of labor and the international spillovers of knowledge. Toshihiko Fukui divisioneconomicglobal Change image and share on social
Japan's experience suggests the importance of assessing the sustainability of price stability over a fairly long period, which many central banks have emphasized in recent years. Toshihiko Fukui assessbankcentral Change image and share on social
