Restoring Japan's Economic Growth

Released on by Adam Simon Posen
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  • Restoring Japan's Economic Growth Book Detail

  • Author : Adam Simon Posen
  • Release Date : 1998
  • Publisher : Peterson Institute
  • Genre : Business & Economics
  • Pages : 216
  • ISBN 13 : 9780881322620
  • File Size : 56,56 MB
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Restoring Japan's Economic Growth by Adam Simon Posen PDF Summary

Book Description: Criticism of current Japanese macroeconomic and financial policies is so wide spread that the reasons for it are assumed to be self-evident. In this volume, Adam Posen explains in depth why a shift in Japanese fiscal and monetary policies, as well as financial reform, would be in Japan's self-interest. He demonstrates that Japanese economic stagnation in the 1990s is the result of mistaken fiscal austerity and financial laissez-faire rather than a structural decline of the "Japan Model." The author outlines a program for putting the country back on the path to solid economic growth - primarily through permanent tax cuts and monetary stabilization - and draws broader lessons from the recent Japanese policy actions that led to the country's continuing stagnation.

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