This thesis contains comparative analyses between deflation in Japan in the 1990s and the current disinflation/deflation in the European Union in the period 2008-2014. This thesis will especially...Show moreThis thesis contains comparative analyses between deflation in Japan in the 1990s and the current disinflation/deflation in the European Union in the period 2008-2014. This thesis will especially focus on the role of financial authorities in both Japan and the EU, and the measures they have taken to attack the issue of deflation. A light will be shed on the definition of deflation and on the debate on the causes, consequences and approaches on deflation in both Japan as well as the EU. Also a closer look will be taken on why several measures, taken by the financial authorities worked or did not work, especially on the areas of internal price-stability to raise public demand, and on the area of currency-appreciation to boost external demand.Show less
