Business Cycle Dynamics and Stabilization Policies A Keynesian Appro
This monograph is devoted to the analysis of the dynamics of business cycles and stabilization policies. The analysis is conducted in models of the AS-AD type, focusing on involuntary unemployment and capital accumulation. Major conclusions are the follow
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Hajime Hori
Business Cycle Dynamics and Stabilization Policies A Keynesian Approach
Advances in Japanese Business and Economics Volume 15 Editor in Chief RYUZO SATO C.V. Starr Professor Emeritus of Economics, Stern School of Business, New York University Senior Editor KAZUO MINO Professor Emeritus, Kyoto University Managing Editors HAJIME HORI Professor Emeritus, Tohoku University HIROSHI YOSHIKAWA Professor, Rissho University; Professor Emeritus, The University of Tokyo KUNIO ITO Professor Emeritus, Hitotsubashi University Editorial Board Members TAKAHIRO FUJIMOTO Professor, The University of Tokyo YUZO HONDA Professor Emeritus, Osaka University; Professor, Kansai University TOSHIHIRO IHORI Professor Emeritus, The University of Tokyo; Professor, National Graduate Institute for Policy Studies (GRIPS) TAKENORI INOKI Professor Emeritus, Osaka University; Special University Professor, Aoyama Gakuin University JOTA ISHIKAWA Professor, Hitotsubashi University KATSUHITO IWAI Professor Emeritus, The University of Tokyo; Visiting Professor, International Christian University MASAHIRO MATSUSHITA Professor Emeritus, Aoyama Gakuin University TAKASHI NEGISHI Professor Emeritus, The University of Tokyo; Fellow, The Japan Academy KIYOHIKO NISHIMURA Professor, The University of Tokyo TETSUJI OKAZAKI Professor, The University of Tokyo YOSHIYASU ONO Professor, Osaka University JUNJIRO SHINTAKU Professor, The University of Tokyo KOTARO SUZUMURA Professor Emeritus, Hitotsubashi University; Fellow, The Japan Academy
Advances in Japanese Business and Economics showcases the research of Japanese scholars. Published in English, the series highlights for a global readership the unique perspectives of Japan’s most distinguished and emerging scholars of business and economics. It covers research of either theoretical or empirical nature, in both authored and edited volumes, regardless of the sub-discipline or geographical coverage, including, but not limited to, such topics as macroeconomics, microeconomics, industrial relations, innovation, regional development, entrepreneurship, international trade, globalization, financial markets, technology management, and business strategy. At the same time, as a series of volumes written by Japanese scholars, it includes research on the issues of the Japanese economy, industry, management practice and policy, such as the economic policies and business innovations before and after the Japanese “bubble” burst in the 1990s. Overseen by a panel of renowned scholars led by Editor-in-Chief Professor Ryuzo Sato, the series endeavors to overcome a historical deficit in the dissemination of Japanese economic theory, research methodology, and analysis. The volumes in the series contribute not only to a deeper understanding of Japanese business and economics but to revealing underlying universal principles.
More information about this series at http://www.springer.com/series/11682
Hajime Hori
Business Cycle Dynamics and Stabilization Policies A Keynesian Approach
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Hajime Hori Professor Emeritus T
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