New Paradigm in Macroeconomics: Solving the Riddle of Japanese Macroeconomic Performance

by Werner, R.
ISBN: 9781403920744
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Overview

A growing literature on information imperfections, credit markets and non-Walrasian outcomes poses a significant challenge to traditional approaches in economics. This book unifies key aspects of these challenges in the formulation of a new macroeconomic paradigm. Its validity is tested using data on Japan, one of the biggest empirical challenges to the "old" paradigm. In the process, a contribution is made towards a better understanding of the many "puzzles" or "anomalies" of the Japanese economy of the past decades. However, the new approach is applicable far beyond Japan.
  • Format: TradePaperback
  • Author: Werner, R.
  • ISBN: 9781403920744
  • Condition: Used
  • Dimensions: 8.04 x 0.88
  • Number Of Pages: 436
  • Publication Year: 2005
Language: English