The Holy Grail Of Macroeconomics – The revised edition of this highly acclaimed work presents important lessons from Japan’s recession that can help the United States and other economies as they struggle to recover from the current financial crisis.
This book is about Japan’s 15-year recession and how it influenced current theoretical thinking about its causes and remedies. It has a detailed explanation of what happened in Japan, but the findings made are so far-reaching that a large part of the economic literature must be revised to accommodate the other half of the macroeconomic spectrum of possibilities ignored by traditional theorists.
The Holy Grail Of Macroeconomics
The author developed the idea of a yin and yang business cycle where the traditional world of profit maximization is yang and a world of balance sheet recession, where companies minimize debt, is yin. Once so divided, the many different theories that have developed in macroeconomics since the 1930s can be categorized into a single overarching theory – the holy grail of macroeconomics.
Pdf) Wilhelm Röpke And Richard C. Koo On Secondary Deflations And Balance Sheet Recessions
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Gaming, Carti & Birotica Online Library Administration avisilor Administrea afisilor Wiley Administrea afisilor – Promotii Administrea afisilor – Noutati Administrea afisilor – All Administrea afisilor – Amaltea Administrea afisilor – Curtea Veche Administrea afisilor – Curtea Veche Administrea afisilor -Side Administrea afisilor – All Administrea afisilor – Amaltea Administrea afisilor – Curtea Veche Administrea afisilor – Curtea Veche Administrea afisilor -5 In this ground-breaking book, Richard Koo argues that Japan’s Great Recession of 1990-2005 gave us an important indication of how post-bubble economies can sink into concession politics. The responses are largely ineffective, but also in the policy mix needed to pull the economy out of this type of recession. There will probably never be the last word on the Japanese economic disaster of the 1990s, but Richard Koo’s book may be the most important analysis ever published.
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