The point is that as an analytical matter, Japan's experience is perfectly consistent with an IS-LM type story, with nothing in there to suggest that fiscal stimulus has somehow backfired; stimulus has done exactly what you'd expect given its limited size and the refusal to take the opportunity to break out of the liquidity trap.
The analyses discussed here invite reductionist interpretations, on which, for example "good" just means pleasant, but the thesis that people consistently find pleasant things good is perfectly consistent with any number of different theses about what they mean by that designation and about what it really means to be good.
"This is perfectly consistent with him," Dr. Pope said.
The character of the finishes is perfectly consistent with the 1933 renovation by Shreve, Lamb & Harmon.
His continued existence is perfectly consistent with an end to the embargo.
In the long run, the new message is perfectly consistent with Tory principles and values.
Liberals can ratify conservatives' concern with families while noting that gay marriage is perfectly consistent with that concern.
The fact that they are so during mourning is perfectly consistent with their approach across the span of their treatment.
A long-term warming trend is perfectly consistent with short-term and isolated periods of cooler than normal weather.
This is perfectly consistent with the "Ocean's Eleven" genre of buddy stories: there is always a dame, but the real bond is between Brad and George.
Karp's style may not fit the public's idea of homo futurus, but it is perfectly consistent with the image of New York's tech industry.
