The Holy Grail of macroeconomics : lessons from Japan's great recession / Richard C. Koo.

Format:

Book

Author/Creator:

Koo, Richard.

Language:

English

Subjects (All):

Macroeconomics.

Japan--Economic conditions--1989-.

Japan.

United States--Economic conditions--1981-2001.

United States.

United States--Economic conditions--2001-2009.

Physical Description:

1 online resource (357 p.)

Edition:

Rev. and updated ed.

Place of Publication:

Singapore : Wiley, 2009.

Language Note:

English

Summary:

The revised edition of this highly acclaimed work presents crucial lessons from Japan's recession that could aid the US and other economies as they struggle to recover from the current financial crisis. This book is about Japan's 15-year long recession and how it affected current theoretical thinking about its causes and cures. It has a detailed explanation on what happened to Japan, but the discoveries made are so far-reaching that a large portion of economics literature will have to be modified to accommodate another half to the macroeconomic spectrum of possibilities that conventional the

Contents:

The Holy Grail of Macroeconomics: Lessons from Japan's Great Recession; Contents; Acknowledgments; Preface; Chapter 1: Japan's Recession; Chapter 2: Characteristics of Balance Sheet Recessions; Chapter 3: The Great Depression was a Balance Sheet Recession; Chapter 4: Monetary, Foreign Exchange, and Fiscal Policy During a Balance Sheet Recession; Chapter 5: Yin and Yang Economic Cycles and the Holy Grail of Macroeconomics; Chapter 6: Pressure of Globalization; Chapter 7: Ongoing Bubbles and Balance Sheet Recessions; Chapter 8: World in Balance Sheet Recession

Appendix: Thoughts on Walras and MacroeconomicsReferences and Bibliography; Index

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

9786613401526

9781119199618

1119199611

9781118179185

1118179188

9781283401524

1283401525

9781118179161

1118179161

OCLC:

768732288