MACROECONOMICS AND THE JAPANESE ECONOMY by Hiroshi Yoshikawa ( 9780198233268 )

Item Details

Title:

MACROECONOMICS AND THE JAPANESE ECONOMY

By:

Hiroshi Yoshikawa

Format:

Hardback

List price:

£197.50

Our price:

£172.81

Discount:

12.5% off

You save:

£24.69

ISBN 10:

0198233264

ISBN 13:

9780198233268

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Publisher:

OXFORD UNIVERSITY PRESS

Pub. date:

28 December, 1995

Pages:

496

Description:

This book proposes a new approach to macroeconomics which draws upon the experience of the Japanese economy. It provides not only theoretical exercises, but also many empirical analyses of the Japanese economy. It will appeal to economists interested in the Japanese economy, as well as those working on macroeconomics more generally.

Synopsis:

This book proposes a new approach to macroeconomics which draws upon the experience of the Japanese economy. the approach is similar to the Old Keynesian view: it rejects the Walrasian approach, and singles out real demand as the fundamental determinant of output in the economy as a whole. However, by maintaining that real demand constrains are important not only in the short-run, but in the long-run, it goes beyond what is normally understood as the Keynesian approach. This book is also very different from the New Keynesian Economics. In particular, it regards the rigidity of nominal wages/prices as of secondary importance. _ To show that a new approach is called for, Professor Yoshikawa provides both theoretical exercises and numerous empirical analyses of the Japanese economy. His arguments are extensivley illustrated by almost 200 figures and tables of data.

Illustrations:

numerous line figures and tables

Publication:

Imprint:

Oxford University Press

Returns:

Returnable

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