Speculative Bubbles And Monetary Policy: A Theory Based On Japanese Experience

December 17, 2018|
Speculative Bubbles And Monetary Policy: A Theory Based On Japanese Experience by Masayuki Otaki
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Speculative Bubbles and Monetary Policy works at the intersection of economic theory history. While the consistent and penetrating perspective of theory is necessary for interpreting economic history, existing macroeconomic theories are fragile an ineffective at narrating an economic history that covers a relatively long period. Such fragility comes from arbitrariness in deployed economic theory as well as structural changes within an economy. This book presents a Keynesian theory with a rigorous dynamic microeconomic foundation that entirely differs from new Keynesian theory and applies it to the Japanese economic history from the 1980s to 2010s. It considers two primary incidents in the country''s economic history: the bubble boom from the late 1980s to the early 1990s, and the country''s immersion in neoliberalism at the turn of the century.
Masayuki Otaki (1957-2018) was professor of economics at the University of Tokyo. He completed this book shortly before passing.
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Title:Speculative Bubbles And Monetary Policy: A Theory Based On Japanese ExperienceFormat:HardcoverProduct dimensions:140 pages, 9.29 X 6.07 X 0.63 inShipping dimensions:140 pages, 9.29 X 6.07 X 0.63 inPublished:December 17, 2018Publisher:Lexington BooksLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:1498549144

ISBN - 13:9781498549141

Appropriate for ages: All ages

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