Japanese asset

Japanese asset

Read the chapter and answer the reading questions

Krugman (2009), The Return of Depression Economics and the Crisis of 2008, New York, NY: W. W. Norton & Company, Inc.

Question will need the reading of Chapter 3, 9 and 11

Chapter 3
1.    Explain some of the evidence that Japanese asset values were overpriced.
2.    What is a moral hazard?  How does it apply to the savings and loan example looked at in class?
3.    What is a growth recession?
4.    What happened to the Japanese economy?
5.    What is a liquidity trap?
6.    What did Japan try to do to get out of its growth recession?
Chapter 9
7.    What happened to the US housing market?
8.    What happened in the shadow banking system?
9.    What troubles has the Fed encountered?  Why?

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