Macroeconomics: Economic Growth and Business Cycles

John Komlos

Chapter Chapter 5 in Principles of Economics for a Post-Meltdown World, 2016, pp 83-89 from Springer

Abstract: Abstract “Japan…was unable to shake off high unemployment… after 1990” (S&N p. 369). I do not know where they get their numbers from, but Japan’s unemployment rate was between 2 and 5 % after 1990. In 2015, their unemployment rate is 3.6 % about 2 % less than in the USA. Per capita gross national income peaked in 1996.

Keywords: Monetary Policy; Minimum Wage; Banking Sector; Consumer Confidence; Housing Wealth (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1007/978-3-319-27828-5_5

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