Description
Product ID: | 9781403920744 |
Product Form: | Paperback / softback |
Country of Manufacture: | GB |
Title: | New Paradigm in Macroeconomics |
Subtitle: | Solving the Riddle of Japanese Macroeconomic Performance |
Authors: | Author: R. Werner |
Page Count: | 423 |
Subjects: | Macroeconomics, Macroeconomics, Japan |
Description: | Select Guide Rating Modern mainstream economics is attracting an increasing number of critics of its high degree of abstraction and lack of relevance to economic reality. A growing literature on information imperfections, credit markets and non-Walrasian outcomes poses a significant challenge to traditional approaches in economics. This book unifies key aspects of these challenges in the formulation of a new macroeconomic paradigm. Its validity is tested using data on Japan, one of the biggest empirical challenges to the "old" paradigm. In the process, a contribution is made towards a better understanding of the many "puzzles" or "anomalies" of the Japanese economy of the past decades. However, the new approach is applicable far beyond Japan. |
Imprint Name: | Palgrave Macmillan |
Publisher Name: | Palgrave USA |
Country of Publication: | GB |
Publishing Date: | 2005-03-24 |