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Monetary and fiscal reform to combat inflation in post-World War II Japan (1945-1951)

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  • Silvio Yoshiro Mizuguchi Miyazaki

Abstract

This paper analyses the Japanese inflationary process occurred in the periodafter the World War II, between 1945-1950, its causes and the policies of stabilization, monetaryand fiscal reforms. Initially, it analyses the factories that increased the price level. Themeasures adopted to revert this process were divided into two subperiods: phase 1 (between1946-1948) and phase 2 (between 1949-1951). Those economic policies and reforms resultedin an economic stabilization. JEL Classification: E31; N15.

Suggested Citation

  • Silvio Yoshiro Mizuguchi Miyazaki, 1992. "Monetary and fiscal reform to combat inflation in post-World War II Japan (1945-1951)," Brazilian Journal of Political Economy, Center of Political Economy, vol. 12(4), pages 557-573.
    • Handle: RePEc:ekm:repojs:v:12:y:1992:i:4:p:557-573:id:1438
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    More about this item

    Keywords

    Inflation; economic history of Japan; monetary policy;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • N15 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Asia including Middle East

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