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.
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.
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
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
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