Park (political science, Baruch College) conducts an analysis of Japan's use of the Fiscal Investment Loan Program (FILP) in the postwar years. He argues that this financial mechanism enabled the ruli
Since the global financial crisis, government debt has soared globally by 40 percent and now exceeds an astonishing $100 trillion. Not all countries, though, have fared the same. Indeed, even prior to
Bolder economic policy could have addressed bouts of deflation in post-Bubble Japanese history, write Gene Park, Saori N. Katada, Giacomo Chiozza, and Yoshiko Kojo in Taming Japan’s Deflation. Despite
