This book tells the story of the performance of Japan s economic and political institutions starting in the late 1970s through late 2007. The authors explain how Japan s flawed response to new economic, political, and technological forces requiring more open markets and more democratic political institutions ushered in a lost decade and a half of economic development from 1990 to 2005. Japan s impressive economic performance in the 1980s in fact masked an accident waiting to happen, the accident being the burst of the bubble in equity and real estate prices in 1990 and 1991. Japan s iron...
This book tells the story of the performance of Japan s economic and political institutions starting in the late 1970s through late 2007. The authors ...
This book is the first systematic study of how the interdependence of fiscal and monetary policies and the interaction of party governments and central banks affect the fiscal-policy mix in eighteen industrial democracies in North America, Western Europe, Japan and Oceania. Sakamoto argues that central banks' influence on economic policy is far more extensive than has been conventionally believed. He demonstrates that central banks systematically affect fiscal policy that is conducted by party governments, and that independent central banks restrain the latter's fiscal policy.
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This book is the first systematic study of how the interdependence of fiscal and monetary policies and the interaction of party governments and cen...
