Abstract

The two caselets discuss the depression in the US in the 1930s and the recession in Japan in the 1990s. Caselet 1 discusses the reasons for the depression in the US in the 1930s and examines the role of government intervention in reviving the economy. Caselet 2 discusses the recession in Japan in the 1990s. It examines the monetary policy measures taken by the central bank and their impact on the economy.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

• Characteristics of business cycle, Techniques for forecasting business cycles.

Keywords

Case depression, US, 1930, recession, Japan, 1990, government, economy, monetary policy, measures, central bank