Masayuki Otaki

Speculative Bubbles and Monetary Policy

A Theory Based on Japanese Experience

• Gebundenes Buch

Produktbeschreibung

This book works at the intersection of economic theory history. It presents a Keynesian theory with a rigorous dynamic microeconomic foundation that entirely differs from new Keynesian theory and applies it to the Japanese economic history from the 1980s to 2010s.

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Produktdetails

• Verlag: Globe Pequot Publishing Group Inc/Bloomsbury
• Seitenzahl: 142
• Erscheinungstermin: 17. Dezember 2018
• Englisch
• Abmessung: 235mm x 157mm x 12mm
• Gewicht: 369g
• ISBN-13: 9781498549141
• ISBN-10: 1498549144
• Artikelnr.: 52423735

Autorenporträt

Masayuki Otaki (1957-2018) was professor of economics at the University of Tokyo. He completed this book shortly before passing.

Inhaltsangabe

List of Figures Acknowledgements Introduction Part 1. Historical Narrative
Chapter 1. A Concise Economic History of Japan: Prosperity and Crisis Part
2. Theory Chapter 2. A Conundrum in Monetary Economics: Does Keynes Abandon
the Second Postulate of the Classical School? Chapter 3. Origin of
Speculative Bubbles and their Aftermath Chapter 4. Labor Productivity
Stagnation, the Radical Quantitative Easing Monetary Policy, and
Disinflation Chapter 5. An Equilibrium Selection Procedure Based on
Ramsey's Probability Theory Appendixes Index About the Author