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The New Paradigm in Macroeconomics

The New Paradigm in Macroeconomics

Richard Dr Werner

219,59 €
IVA incluido
Disponible
Editorial:
Springer Nature B.V.
Año de edición:
2005
Materia
Macroeconomía
ISBN:
9781403920744
219,59 €
IVA incluido
Disponible

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Sobre IBD

A growing literature on information imperfections, credit markets and non-Walrasian outcomes poses a significant challenge to traditional approaches in economics. This book unifies key aspects of these challenges in the formulation of a new macroeconomic paradigm. Its validity is tested using data on Japan, one of the biggest empirical challenges to the 'old' paradigm. In the process, a contribution is made towards a better understanding of the many 'puzzles' or 'anomalies' of the Japanese economy of the past decades. However, the new approach is applicable far beyond Japan.

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