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The New Paradigm in Macroeconomics: Solving the Riddle of Japanese Macroeconomic Performance
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...more
Paperback, 440 pages
Published June 11th 2005 by Palgrave Macmillan
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