Macroeconomics and the Japanese Economy

by Hiroshi Yoshikawa

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...

• Format: Hardcover
• Language: English
• ISBN: 0198233264
• ISBN13: 9780198233268
• Release Date: February 1996
• Publisher: Oxford University Press, USA
• Length: 496 Pages
• Weight: 1.91 lbs.
• Dimensions: 1.1" x 6.1" x 9.2"