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Macroeconomics and the Japanese Economy
Hiroshi Yoshikawa (Author)
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Oxford University Press
· Hardcover
Macroeconomics and the Japanese Economy - Hiroshi Yoshikawa
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Origin: U.S.A.
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Synopsis "Macroeconomics and the Japanese Economy"
This work 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 constraints are important not only in the short-run, but in the long-run as well, it goes beyond what is normally understood as the Keynesian approach. It is also very different from the New Keynesian Economics; in particular, it regards the rigidity of nominal wages/prices as of secondary importance. The work is extensively illustrated by almost 200 figures and tables of data.
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All books in our catalog are Original.
The book is written in English.
The binding of this edition is Hardcover.
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