Question
Due to a massive monetary stimulus, Japanese yen depreciated against the US dollar by about 25 percent in 2013. However, the sales tax in Japan
Due to a massive monetary stimulus, Japanese yen depreciated against the US dollar by about 25 percent in 2013. However, the sales tax in Japan has risen from 5 percent to 8 percent since April 1, 2014. Discuss the impact of these changes on Japan's autonomous aggregate expenditure.
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Introductory Econometrics A Modern Approach
Authors: Jeffrey M. Wooldridge
4th edition
978-0324581621, 324581629, 324660545, 978-0324660548
