1.

Record Nr.

UNINA9910808956403321

Autore

Koo Richard

Titolo

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

Pubbl/distr/stampa

Singapore, : Wiley, 2009

ISBN

1-119-19961-1

1-118-17918-8

1-283-40152-5

9786613401526

1-118-17916-1

Edizione

[Rev. and updated ed.]

Descrizione fisica

1 online resource (357 p.)

Disciplina

339.0952

Soggetti

Macroeconomics

Japan Economic conditions 1989-

United States Economic conditions 1981-2001

United States Economic conditions 2001-2009

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

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

Sommario/riassunto

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