Name: Japan's Bubble, Deflation, and Long-Term Stagnation (en Inglés)
SKU: 64827324
Price: 52.56 USD
Availability: InStock
Author: Hamada Koichi,Kashyap Anil K.,Weinstein David E.
ISBN: 9780262054355

portada Japan's Bubble, Deflation, and Long-Term Stagnation (en Inglés)

Japan's Bubble, Deflation, and Long-Term Stagnation (en Inglés)

Formato

Libro Físico

Editorial

Random House

Autor

Hamada Koichi,Kashyap Anil K.,Weinstein David E.

Idioma

Inglés

N° páginas

435

Encuadernación

Tapa Blanda

ISBN13

9780262054355

Japan's Bubble, Deflation, and Long-Term Stagnation (en Inglés)

Hamada Koichi,Kashyap Anil K.,Weinstein David E. (Autor) · Random House · Tapa Blanda

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Reseña del libro "Japan's Bubble, Deflation, and Long-Term Stagnation (en Inglés)"

New perspectives on Japan's "lost decade" viewed in the context of recent financial turmoil. Japan's economic bubble burst in the early 1990s, and the country entered its famous "lost decade"--a period of stagnation and economic disruption that persisted until 2003. The current declines in global equity and real estate markets have eerie parallels to Japan's economic woes of the 1990s. If we are to avoid repeating Japan's experience on a global scale, we must understand what happened, why it happened, and the effectiveness (or ineffectiveness) of Japan's policy choices. In this volume, prominent economists--Japan specialists and others--bring state-of-the-art models and analytic tools to bear on these questions. The essays generate new facts and new findings about Japan's lost decade. As much of the research shows, the slowdown can be broken down into two phases: a typical recession, followed by a breakdown in the economy likely due to insufficient restructuring, which is not well described by conventional models. The contributors offer forceful arguments showing that Japan's experience, and the unconventional--sometimes unsuccessful--measures adopted by Japan's government and central bank, offer valuable lessons for our post-boom world. Contributors Kenn Ariga, Robert Barsky, Diego Comin, Robert Dekle, Kyoji Fukao, Koichi Hamada, Takeo Hoshi, Ryo Kambayashi, Anil K Kashyap, Takao Kato, Satoshi Koibuchi, Philip R. Lane, John Muellbauer, Kiko Murata, Maurice Obstfeld, Ryosuke Okazawa, Joe Peek, Ulrike Schaede, David E. Weinstein