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Titlebook: New Paradigm in Macroeconomics; Solving the Riddle o Richard A. Werner Book 2005 Palgrave Macmillan, a division of Macmillan Publishers Lim

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书目名称New Paradigm in Macroeconomics
副标题Solving the Riddle o
编辑Richard A. Werner
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图书封面Titlebook: New Paradigm in Macroeconomics; Solving the Riddle o Richard A. Werner Book 2005 Palgrave Macmillan, a division of Macmillan Publishers Lim
描述Modern mainstream economics is attracting an increasing number of critics of its high degree of abstraction and lack of relevance to economic reality. Economists are calling for a better reflection of the reality of imperfect information, the role of banks and credit markets, the mechanisms of economic growth, the role of institutions and the possibility that markets may not clear. While it is one thing to find flaws in current mainstream economics, it is another to offer an alternative paradigm which, can explain as much as the old, but can also account for the many ‘anomalies‘. That is what this book attempts. Since one of the biggest empirical challenges to the ‘old‘ paradigm has been raised by the second largest economy in the world - Japan - this book puts the proposed ‘new paradigm‘ to the severe test of the Japanese macroeconomic reality.
出版日期Book 2005
关键词economic growth; economic policy; fiscal policy; growth; macroeconomics; monetary policy; money
版次1
doihttps://doi.org/10.1057/9780230506077
isbn_softcover978-1-4039-2074-4
isbn_ebook978-0-230-50607-7
copyrightPalgrave Macmillan, a division of Macmillan Publishers Limited 2005
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The Enigma of the Ineffectiveness of Fiscal Policy in the 1990shose funding is detailed in budgets and supplementary budgets. In principle, the government has been following a balanced budget policy in the postwar era. The Finance Law of 1947 prohibited the issuance of government bonds. As a result of the 1965 recession, it was amended and government bonds were
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The Enigma of Japan’s Long Recessionetical models from first principles, based on a number of axiomatic assumptions, including perfectly competitive and complete markets, flexible prices and no transaction and information costs. It is then shown that, under such assumptions, unique equilibrium solutions exist. For instance, under such
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The Enigma of Japanese Asset Prices,916 on 29 December 1989 to ¥7862 on 11 March 2003, a drop of 79.8%. Land prices also dropped sharply: since the first half of 1992, land prices have dropped relentlessly, usually falling at a double-digit pace. The semi-annual index of commercial land prices in the six major cities stood at 104.5 i
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The Enigma of Banking and its Recurring Crisesusly ‘over-banked’ economies, with the helpful advice that banks should be merged, sold to foreign investors or closed down. However, in order to come to this conclusion, it is necessary to understand the actual role of banks in economies. While the layperson may assume that economists have long sol
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