The revised edition of this highly acclaimed work presents crucial lessons from Japan's recession that could aid the US and other economies as they struggle to recover from the current financial crisis.
This book is about Japan's 15-year long recession and how it affected current theoretical thinking about its causes and cures. It has a detailed explanation on what happened to ...
The revised edition of this highly acclaimed work presents crucial lessons from Japan's recession that could aid the US and other economies as they struggle to recover from the current financial crisis.
This book is about Japan's 15-year long recession and how it affected current theoretical thinking about its causes and cures. It has a detailed explanation on what happened to Japan, but the discoveries made are so far-reaching that a large portion of economics literature will have to be modified to accommodate another half to the macroeconomic spectrum of possibilities that conventional theorists have overlooked.
The author developed the idea of yin and yang business cycles where the conventional world of profit maximization is the yang and the world of balance sheet recession, where companies are minimizing debt, is the yin. Once so divided, many varied theories developed in macro economics since the 1930s can be nicely categorized into a single comprehensive theory- The Holy Grail of Macro Economics
作者简介
· · · · · ·
Richard C. Koo is the Chief Economist of Nomura Research Institute, the research arm of Nomura Securities, the leading securities house in Japan. Consistently voted as one of the most reliable economists by Japanese capital and financial market participants for nearly a decade, he has also advised successive prime ministers on how best to deal with Japan's economic and banking ...
Richard C. Koo is the Chief Economist of Nomura Research Institute, the research arm of Nomura Securities, the leading securities house in Japan. Consistently voted as one of the most reliable economists by Japanese capital and financial market participants for nearly a decade, he has also advised successive prime ministers on how best to deal with Japan's economic and banking problems. He served as an economist with the Federal Reserve Bank of New York, and was a Doctoral Fellow of the Board of Governors of the Federal Reserve System. Author of many books, including Balance Sheet Recession: Japan's Struggle with Uncharted Economics and its Global Implications, and a visiting professor of Waseda University, he was awarded the Abramson Award by the National Association of Business Economics, Washington, D.C. in 2001.
目录
· · · · · ·
Acknowledgments ix
Preface xi
Chapter 1 Japan’s Recession 1
Chapter 2 Characteristics of Balance Sheet Recessions 39
Chapter 3 The Great Depression was a Balance Sheet Recession 85
Chapter 4 Monetary, Foreign Exchange, and Fiscal Policy During a Balance Sheet Recession 125
· · · · · ·
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Acknowledgments ix
Preface xi
Chapter 1 Japan’s Recession 1
Chapter 2 Characteristics of Balance Sheet Recessions 39
Chapter 3 The Great Depression was a Balance Sheet Recession 85
Chapter 4 Monetary, Foreign Exchange, and Fiscal Policy During a Balance Sheet Recession 125
Chapter 5 Yin and Yang Economic Cycles and the Holy Grail of Macroeconomics 157
Chapter 6 Pressure of Globalization 185
Chapter 7 Ongoing Bubbles and Balance Sheet Recessions 221
Chapter 8 World in Balance Sheet Recession 253
Appendix: Thoughts on Walras and Macroeconomics 295
References and Bibliography 309
Index 321
· · · · · · (收起)
银行、保险、证券公司等金融机构是国民经济的心脏，如果心脏失血过多，经济会有什么后果，我们又该怎么办？ 野村证券研究所辜朝明(Richard Koo)的新书《宏观经济学的圣杯：日本经济大萧条的教训》（The Holy Grail of Macroeconomics: Lessons from the Great Depression of ...
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懒残僧
东方出版社2008版
目送飞鸿
Wiley2008版
舍得
东方出版社2008版
J几米
东方出版社2008版
快乐如鱼
东方出版社2008版
0 有用 Kerouac' 2013-02-09 16:09:55
Dr.Koo asserted, F*** the orthodox pundits!
0 有用 leehuang 2014-02-16 22:41:09
终于找到一本能够简洁且正确阐释大萧条原因的书。原版书也没有阅读障碍。
0 有用 luo_luo_mass 2013-08-26 10:18:43
这本书对日本过去20年经济问题解剖得非常到位，有理有据，是好书。作者是一个台湾裔，在伯克利受的教育，在日本金融界做了很久。所以想真正了解一个topic还是得找领域内的专家，而不要轻信那些名人的空扯。
0 有用 馋嘴 2017-09-27 15:54:13
看到一半实在看不下去了，反复重复一件事就是：日本企业忙着清理资产负债表的巨额债务，传统财政和货币政策不管用了。重复的实在没新意。
0 有用 素问 2021-02-01 06:14:28
非常有意思的书，某种意义上特别适合在新冠大流行病引起的全球经济衰退的今天阅读。关于泡沫经济前后期日本经济状况的宏观数据详实，虽然在书的中段略有一些内容反复，但总体无伤大雅。附录中出关于货币在瓦尔拉斯微观经济和凯恩斯宏观经济不同视角下的价值判断和属性的比较，在辜朝明花了一整本书的正文实例分析了资产负债表衰退的演化，及受其影响的经济体当何去何从之后，读来更是令人深思。正文最后一章关于世界当如何应对资产... 非常有意思的书，某种意义上特别适合在新冠大流行病引起的全球经济衰退的今天阅读。关于泡沫经济前后期日本经济状况的宏观数据详实，虽然在书的中段略有一些内容反复，但总体无伤大雅。附录中出关于货币在瓦尔拉斯微观经济和凯恩斯宏观经济不同视角下的价值判断和属性的比较，在辜朝明花了一整本书的正文实例分析了资产负债表衰退的演化，及受其影响的经济体当何去何从之后，读来更是令人深思。正文最后一章关于世界当如何应对资产负债表衰退的评论，在不可避免的去全球化的近期，面对晦暗不明难以预测何时能完全走出大流行病泥泞的未来，也更是值得细细推敲。 (展开)
0 有用 素问 2021-02-01 06:14:28
非常有意思的书，某种意义上特别适合在新冠大流行病引起的全球经济衰退的今天阅读。关于泡沫经济前后期日本经济状况的宏观数据详实，虽然在书的中段略有一些内容反复，但总体无伤大雅。附录中出关于货币在瓦尔拉斯微观经济和凯恩斯宏观经济不同视角下的价值判断和属性的比较，在辜朝明花了一整本书的正文实例分析了资产负债表衰退的演化，及受其影响的经济体当何去何从之后，读来更是令人深思。正文最后一章关于世界当如何应对资产... 非常有意思的书，某种意义上特别适合在新冠大流行病引起的全球经济衰退的今天阅读。关于泡沫经济前后期日本经济状况的宏观数据详实，虽然在书的中段略有一些内容反复，但总体无伤大雅。附录中出关于货币在瓦尔拉斯微观经济和凯恩斯宏观经济不同视角下的价值判断和属性的比较，在辜朝明花了一整本书的正文实例分析了资产负债表衰退的演化，及受其影响的经济体当何去何从之后，读来更是令人深思。正文最后一章关于世界当如何应对资产负债表衰退的评论，在不可避免的去全球化的近期，面对晦暗不明难以预测何时能完全走出大流行病泥泞的未来，也更是值得细细推敲。 (展开)
0 有用 馋嘴 2017-09-27 15:54:13
看到一半实在看不下去了，反复重复一件事就是：日本企业忙着清理资产负债表的巨额债务，传统财政和货币政策不管用了。重复的实在没新意。
0 有用 leehuang 2014-02-16 22:41:09
终于找到一本能够简洁且正确阐释大萧条原因的书。原版书也没有阅读障碍。
0 有用 luo_luo_mass 2013-08-26 10:18:43
这本书对日本过去20年经济问题解剖得非常到位，有理有据，是好书。作者是一个台湾裔，在伯克利受的教育，在日本金融界做了很久。所以想真正了解一个topic还是得找领域内的专家，而不要轻信那些名人的空扯。
0 有用 Kerouac' 2013-02-09 16:09:55
Dr.Koo asserted, F*** the orthodox pundits!