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New paradigm in macroeconomics : solving the riddle of Japanese macroeconomic performance

Author: Richard Werner
Publisher: Houndmills, Basingstoke, Hampshire ; New York : Palgrave Macmillan, 2005.
Edition/Format:   Print book : EnglishView all editions and formats
Database:WorldCat
Summary:
A growing literature on information imperfections, credit markets and non-Walrasian outcomes poses a significant challenge to traditional approaches in economics. This text unifies key aspects of these challenges in the formulation of a new macroeconomicparadigm.
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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Richard Werner
ISBN: 1403920737 9781403920737 1403920745 9781403920744
OCLC Number: 56413058
Description: xii, 423 pages : illustrations ; 23 cm
Contents: Prologue: Searching for a New Kind of Economics --
Japanese Economic Performance During the 1990s --
Enigmas: Challenges to the Traditional Paradigm --
The Enigma of the Ineffectiveness of Fiscal Policy in the 1990s --
The Enigma of the Ineffectiveness of Interest Rate Policy in the 1990s --
The Enigma of Japan's Long Recession --
The Enigma of the Ineffectiveness of Structural Policy --
The Enigma of Economic Growth --
The Enigma of the Velocity Decline --
The Enigma of Japanese Asset Prices --
The Enigma of Japanese Capital Flows in the 1980s --
The Enigma of Japanese Bank Lending --
The Enigma of Banking and its Recurring Crises --
Explanations: Applying the New Paradigm --
Solving the Enigma of Banking and Money --
Credit, Money and the Economy --
Explaining the Velocity Decline --
The Determinants of Growth --
The Cause of the Asset Price Bubbles and Banking Crises --
The Determinants of Japanese Capital Flows in the 1980s --
Why Fiscal Policy Could Not Work --
Monetary Policy in the 1990s and How to Create a Recovery --
Monetary Policy in the 1980s: How Bank Credit was Determined --
The Goal of Macroeconomic Policy --
Banking Reform --
The Goal of Fiscal, Structural and Monetary Policy --
A New Kind of Economics --
A New Vision of Macroeconomic Policy.
Responsibility: Richard A. Werner.
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Abstract:

A growing literature on information imperfections, credit markets and non-Walrasian outcomes poses a significant challenge to traditional approaches in economics. This text unifies key aspects of these challenges in the formulation of a new macroeconomicparadigm.

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