Restoring Japan`s Economic Growth by Adam Posen (English) Paperback Book

Description: Restoring Japan`s Economic Growth by Adam Posen This text explains why a shift in Japanese fiscal and monetary policies would be in Japans interest. It demonstrates that economic stagnation in the 1990s is the result of mistaken policies of fiscal austerity and financial laissez-faire, rather than any structural failures of the "Japan Model". FORMAT Paperback LANGUAGE English CONDITION Brand New Publisher Description Will the Japanese government take the decisive but manageable policy actions needed to bring about economic recovery? Despite claims to the contrary, macroeconomic expansion has yet to be seriously tried in Japan. Criticism of current Japanese macroeconomic and financial policies is so widespread that the reasons for it are assumed to be self-evident. In this volume, Adam Posen explains in depth why a shift in Japanese fiscal and monetary policies, as well as financial reform, would be in Japans own self-interest. He demonstrates that Japanese economic stagnation in the 1990s is the result of mistaken fiscal austerity and financial laissez-faire rather than any supposed structural failures of the "Japan Model." The author outlines a program for putting the country back on the path to solid economic growth-primarily through permanent tax cuts and monetary stabilization-and draws broader lessons to be learned from the recent Japanese policy actions that led to the countrys continuing stagnation. The book will be a useful supplementary text for both undergraduate and postgraduate courses in macroeconomics, comparative political economy, Japan or East Asian studies, public finance, and international relations. Author Biography Dr. Posen, the President of the Peterson Institute for International Economics, has specialized in macroeconomic and monetary policy, resolution of financial crises, central banking issues, and the economies of Western Europe, Japan, and the United States. Dr. Posen brings a distinctively global perspective to macroeconomic policy analysis and forecasting. He has written about the financial and economic challenges faced by the European Union following the adoption of the euro and the lasting impact of Japans economic crisis of the 1990s, while providing counsel directly to the Japanese government in Tokyo. Leading up to the successful London G-20 summit of 2009 during the global financial crisis, he consulted for the UK Cabinet Office. Review [Posen] offers a trenchant examination of Japanese fiscal policy during the 1990s... He persuasively debunks the argument that fiscal stimulus cannot work in Japan. -- Richard N. Cooper Foreign Affairs Japans persistent stagnation is among the most important problems confronting the world economy today, and Adam Posens treatment of it is the best I have seen. His analysis is right on the mark. -- Benjamin Friedman and William Joseph Maier Professor of Political Economy Harvard University Its analysis is convincing, and its policy recommendations are... sensible. I strongly recommend it to economists and policymakers alike. I... hope that Japanese policymakers have the wisdom to heed his advice. -- Charles Yuji, Horioka Osaka University and National Bureau of Economic Research Journal of Economic Literature Review Quote [Posen] offers a trenchant examination of Japanese fiscal policy during the 1990s... He persuasively debunks the argument that fiscal stimulus cannot work in Japan. Details ISBN0881322628 Short Title RESTORING JAPANS ECONOMIC GROW Language English ISBN-10 0881322628 ISBN-13 9780881322620 Media Book Format Paperback Year 1998 Country of Publication United States Illustrations Illustrations Place of Publication Washington Translated from English Imprint The Peterson Institute for International Economics DOI 10.1604/9780881322620 UK Release Date 1998-09-01 AU Release Date 1998-09-01 NZ Release Date 1998-09-01 US Release Date 1998-09-01 Author Adam Posen Pages 214 Publisher The Peterson Institute for International Economics Publication Date 1998-09-01 DEWEY 330.952 Audience Undergraduate We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:161639038;

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