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The Holy Grail of Macroeconomics: Lessons from Japan's Great Recession

Richard C. Koo




[PDF.xv70] The Holy Grail of Macroeconomics: Lessons from Japan's Great Recession

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 | #270594 in eBooks |  2011-11-21 |  2011-11-21 | File type: PDF

||1 of 1 people found the following review helpful.| Koo Koo Economics|By William A. Thayer|Richard Koo believes that the Japanese have done exactly the right thing in response to their asset bubble bursting in 1990. Real Estate prices and stock prices crashed by 70%. The response of the Japanese government was to not let the country go into recession but to keep the GDP at zero growth or stagnation. They did this and have don| |"As I have noted before, the best analysis of what happened to Japan is by Richard Koo" (Financial Times, February 18th 2009)|From the Inside Flap|How did the great Depression of the 1930s get to be so bad for so long? Tha

The revised edition of this highly acclaimed work presents crucial lessons from Japan's recession that could aid the US and other economies as they struggle to recover from the current financial crisis.

This book is about Japan's 15-year long recession and how it affected current theoretical thinking about its causes and cures. It has a detailed explanation on what happened to Japan, but the discoveries made are so far-reaching that a large portion of economics litera...

You can specify the type of files you want, for your gadget.The Holy Grail of Macroeconomics: Lessons from Japan's Great Recession   |  Richard C. Koo.Not only was the story interesting, engaging and relatable, it also teaches lessons.

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