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200 14$aThe Holy Grail of macroeconomics$b[electronic resource] $elessons from Japan's great recession /$fRichard C. Koo
205   $aRev. and updated ed.
210   $aSingapore $cWiley$d2009
215   $a1 online resource (357 p.)
300   $aDescription based upon print version of record.
311   $a0-470-82387-9 
311   $a0-470-82494-8 
320   $aIncludes bibliographical references and index.
327   $aThe 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
327   $aAppendix: Thoughts on Walras and MacroeconomicsReferences and Bibliography; Index
330   $aThe 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
606   $aMacroeconomics
607   $aJapan$xEconomic conditions$y1989-
607   $aUnited States$xEconomic conditions$y1981-2001
607   $aUnited States$xEconomic conditions$y2001-2009
615  0$aMacroeconomics.
676   $a339.0952
700   $aKoo$b Richard$0793551
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801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910139743903321
996   $aThe Holy Grail of macroeconomics$92291410
997   $aUNINA