References Ahearne, Alan, Joseph Gagnon, Jane Haltimaier, Steve Kamin, Christopher Erceg, Jon Faust, Luca Guerrieri, Carter Hemphill, Linda Kole, Jennifer Roush, John Rogers, Nathan Sheets, and Jonathan Wright (2002). "Preventing Deflation: Lessons from Japan's Experience in the 1990s", International Finance Discussion Papers 2002-729. Washington: Board of Governors of the Federal Reserve System, June. Bernanke, Ben S. (2002).
Today we are facing a different situation: the economy is in recession, there is high unemployment, and there is no significant improvement in sight. In other words, it is clear that the current policy needs to be revised. Is a package deal necessary for this, or does the government have the required tools at its disposal to act alone?