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SPECULATIVE BUBBLES AND MONETARY POLICY : a theory based on japanese experience.
This book works at the intersection of economic theory history. It presents a Keynesian theory with a rigorous dynamic microeconomic foundation that entirely differs from new Keynesian theory and applies it to the Japanese economic history from the 1980s to 2010s.
| Call Number: | Libro Electrónico |
|---|---|
| Main Author: | |
| Format: | Electronic eBook |
| Language: | Inglés |
| Published: |
[Place of publication not identified] :
LEXINGTON Books,
2018.
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| Subjects: | |
| Online Access: | Texto completo |
Table of Contents:
- Cover; Speculative Bubblesand Monetary Policy; Speculative Bubblesand Monetary Policy: A Theory Based on Japanese Experience; Copyright Page; Contents; List of Figures; Acknowledgments; Introduction; About Part I; About Part II; References; Historical Narrative; Chapter 1; A Concise Economic History of Japan; 1.1 Introduction; 1.2 The 1980s: From Prosperity to Fanaticism; 1.3 The 1990s as an Overture of the Crisis; 1.4 Revelation of the Crisis; 1.5 The Japanese Economy in the 21st Century; 1.6 Concluding Remarks; Notes; Theory; Chapter 2; A Conundrum in Monetary Economics; 2.1 Introduction
- 2.2 Traditional Keynesian Theory as a Menu Cost Theory2.3 Is the Second Postulate Abandoned?; 2.4 The Separation of Saving and Investment Decisions: Does Investment Function Solve the Conundrum in Monetary Economics?; 2.5 Intrinsic Value of Money and Theory of Effective Demand; 2.6 Theory of Effective Demand; 2.7 Concluding Remarks; Notes; Chapter 3; Origin of Speculative Bubbles and Their Aftermath; 3.1. Introduction; 3.2. The Model; 3.3. Comparative Statics; 3.4 Concluding Remarks; Notes; Chapter 4
- Labor Productivity Stagnation, the Radical Quantitative Easing of Monetary Policy, and Disinflation4.1 Introduction; 4.2 The Model; 4.3 Comparative Statics; 4.4 Concluding Remarks; Notes; Chapter 5; An Equilibrium Selection Procedure Based on Ramsey's Probability Theory; 5.1 Introduction; 5.2 Ramsey's Theory; 5.3 Plausibility of Keynesian Economics; 5.4 Concluding Remarks; Notes; Appendix A; The Weak Law of Large Numbers; Appendix B; Gist of the New Keynesian Theory; Appendix C; Derivation of Equations (3.4) and (3.5); References; Index; About the Author