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Japan's Bubble, Deflation, and Long-term Stagnation : The MIT Press - Koichi Hamada

Japan's Bubble, Deflation, and Long-term Stagnation

The MIT Press

By: Koichi Hamada (Editor), Anil K. Kashyap (Editor), David E. Weinstein (Editor), Kazumasa Iwata (Foreword by)

Hardcover

Published: 20th January 2011
For Ages: 18+ years old
Ships: 3 to 4 business days
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RRP $87.00
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Japan's economic bubble burst in the early 1990s, and the country entered its famous "lost decade"--a period of stagnation and economic disruption that persisted until 2003. The current declines in global equity and real estate markets have eerie parallels to Japan's economic woes of the 1990s. If we are to avoid repeating Japan's experience on a global scale, we must understand what happened, why it happened, and the effectiveness (or ineffectiveness) of Japan's policy choices. In this volume, prominent economists--Japan specialists and others--bring state-of-the-art models and analytic tools to bear on these questions. The essays generate new facts and new findings about Japan's lost decade. As much of the research shows, the slowdown can be broken down into two phases: a typical recession, followed by a breakdown in the economy likely due to insufficient restructuring, which is not well described by conventional models. The contributors offer forceful arguments showing that Japan's experience, and the unconventional--sometimes unsuccessful--measures adopted by Japan's government and central bank, offer valuable lessons for our post-boom world. Contributors: Kenn Ariga, Robert Barsky, Diego Comin, Robert Dekle, Kyoji Fukao, Koichi Hamada, Takeo Hoshi, Ryo Kambayashi, Anil K Kashyap, Takao Kato, Satoshi Koibuchi, Philip R. Lane, John Muellbauer, Kiko Murata, Maurice Obstfeld, Ryosuke Okazawa, Joe Peek, Ulrike Schaede, David E. Weinstein

ISBN: 9780262014892
ISBN-10: 0262014890
Series: The MIT Press
Audience: Professional
For Ages: 18+ years old
Format: Hardcover
Language: English
Number Of Pages: 440
Published: 20th January 2011
Publisher: MIT Press Ltd
Country of Publication: US
Dimensions (cm): 22.9 x 15.2  x 2.5
Weight (kg): 0.73