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Japan's lost decade
106,85 $

Japan's lost decade

FARHAD TAGHIZADEH-HESARY, NAO YOSHINO

106,85 $ 106,85 $
Régulier: 106,85 $
Rabais: 0,00 $  (0%)
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Résumé

This book discusses Japan's long-term economic recession and provides remedies for that recession that are useful for other Asian economies. The book addresses why Japan's economy has stagnated since the bursting of its economic bubble in the 1990s. Its empirical analysis challenges the beliefs of some economists, such as Paul Krugman, that the Japanese economy is caught in a liquidity trap. This book argues that Japan's economic stagnation stems from a vertical "investment-saving" (IS) curve rather than a liquidity trap. The impact of fiscal policy has declined drastically, and the Japanese economy faces structural problems rather than a temporary downturn. These structural problems have many causes: an aging demographic (a problem that is frequently overlooked), an over-reliance by local governments on transfers from the central government, and Basel capital requirements that have made Japanese banks reluctant to lend money to start-up businesses and small and medium-sized enterprises. This latter issue has discouraged Japanese innovation and technological progress. All these issues are addressed empirically and theoretically, and several remedies for Japan's long-lasting recession are provided. This volume will be of interest to researchers and policy makers not only in Japan but also the People's Republic of China, many countries in the eurozone, and the United States, which may face similar challenges in the future.


Détails
Titre
Japan's lost decade
Auteur
FARHAD TAGHIZADEH-HESARY, NAO YOSHINO
Éditeur
LIVRES NUMÉRIQUES DIVERS
Prix
106,85 $
Sujet
LIVRES NUMÉRIQUES DIVERS
Format Poche
Non
Langue
Français/French
Date de publication
2017-09-20
ISBN
9789811050213
Code Interne
2399329
Numéro de produit
2399329
Format numérique
pdf
Disponibilité
AD AE AM AQ AR AS AU AX BA BB BE BG BH BL BM BN BO BR BS BV BZ CA CH CK CL CN CO CR CU CW CX CY CZ DE DK DM DO DZ EC EE ES FI FK FO FR GB GD GF GG GI GL GP GR GT GY HK HM HN HR HT HU ID IE IL IM IN IO IR IS IT JE JM JP KH KM KN KR KY LA LB LC LI LK L
Protection
Adobe DRM
Entrepôt Numérique
NUMILOG

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