Fr. 140.00

Speculative Bubbles and Monetary Policy - A Theory Based on Japanese Experience

English · Hardback

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Description

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This book works at the intersection of economic theory history. It 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.

List of contents










List of Figures
Acknowledgements
Introduction

Part 1. Historical Narrative

Chapter 1. A Concise Economic History of Japan: Prosperity and Crisis

Part 2. Theory

Chapter 2. A Conundrum in Monetary Economics: Does Keynes Abandon the Second Postulate of the Classical School?
Chapter 3. Origin of Speculative Bubbles and their Aftermath
Chapter 4. Labor Productivity Stagnation, the Radical Quantitative Easing Monetary Policy, and Disinflation
Chapter 5. An Equilibrium Selection Procedure Based on Ramsey's Probability Theory

Appendixes
Index
About the Author

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By Masayuki Otaki

Summary

This book works at the intersection of economic theory history. It 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.

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