The Macroeconomy

Victor Argy and Leslie Stein
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Victor Argy: Macquarie University
Leslie Stein: Macquarie University

Chapter 3 in The Japanese Economy, 1997, pp 35-56 from Palgrave Macmillan

Abstract: Abstract The evolution of the macroeconomy between 1960 and 1993 can be divided into three phases: the period 1960–70 during which the economy grew at a rate which far exceeded other OECD countries; the period 1970–2, characterized by the Nixon shocks; and the period from 1973 when Japan’s growth rate settled at more modest levels, culminating in the ‘bubble’ and post ‘bubble’ recession. Finally, Japan’s employment and price stability achievements are assessed.

Keywords: Interest Rate; Unemployment Rate; Monetary Policy; Total Factor Productivity; Fiscal Policy (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-38009-7_3

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DOI: 10.1057/9780230380097_3

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