Macroeconomics and the Japanese Economy

Hiroshi Yoshikawa
Additional contact information
Hiroshi Yoshikawa: University of Tokyo

in OUP Catalogue from Oxford University Press

Abstract: This book 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 constrains are important not only in the short-run, but in the long-run, it goes beyond what is normally understood as the Keynesian approach. This book is also very different from the New Keynesian Economics. In particular, it regards the rigidity of nominal wages/prices as of secondary importance. _ To show that a new approach is called for, Professor Yoshikawa provides both theoretical exercises and numerous empirical analyses of the Japanese economy. His arguments are extensivley illustrated by almost 200 figures and tables of data.

Date: 1995
ISBN: 9780198233268
References: Add references at CitEc
Citations: View citations in EconPapers (26)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oxp:obooks:9780198233268

Ordering information: This item can be ordered from
http://ukcatalogue.o ... uct/9780198233268.do

Access Statistics for this book

More books in OUP Catalogue from Oxford University Press
Bibliographic data for series maintained by Economics Book Marketing ().