The Holy Grail of Macroeconomics
eBook - PDF

The Holy Grail of Macroeconomics

Lessons from Japan's Great Recession

  1. English
  2. PDF
  3. Available on iOS & Android
eBook - PDF

The Holy Grail of Macroeconomics

Lessons from Japan's Great Recession

About this book

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 theorists have overlooked.

The author developed the idea of yin and yang business cycles where the conventional world of profit maximization is the yang and the world of balance sheet recession, where companies are minimizing debt, is the yin. Once so divided, many varied theories developed in macro economics since the 1930s can be nicely categorized into a single comprehensive theory- The Holy Grail of Macro Economics

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Yes, you can access The Holy Grail of Macroeconomics by Richard C. Koo in PDF and/or ePUB format, as well as other popular books in Economics & Economic Theory. We have over one million books available in our catalogue for you to explore.

Information

Publisher
Wiley
Year
2011
Print ISBN
9780470824948, 9780470823873
eBook ISBN
9781118179161
Edition
1
Topic
Economics
Subtopic
Economic Theory
Index
Economics

Table of contents

  1. The Holy Grail of Macroeconomics: Lessons from Japan's Great Recession
  2. Contents
  3. Acknowledgments
  4. Preface
  5. Chapter 1: Japan's Recession
  6. Chapter 2: Characteristics of Balance Sheet Recessions
  7. Chapter 3: The Great Depression was a Balance Sheet Recession
  8. Chapter 4: Monetary, Foreign Exchange, and Fiscal Policy During a Balance Sheet Recession
  9. Chapter 5: Yin and Yang Economic Cycles and the Holy Grail of Macroeconomics
  10. Chapter 6: Pressure of Globalization
  11. Chapter 7: Ongoing Bubbles and Balance Sheet Recessions
  12. Chapter 8: World in Balance Sheet Recession
  13. Appendix: Thoughts on Walras and Macroeconomics
  14. References and Bibliography
  15. Index