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Masayuki Otaki
Speculative Bubbles and Monetary Policy: A Theory Based on Japanese Experience
(Lexington Books, 2019)

2019.3.14更新

Speculative Bubbles and Monetary Policy

About the Author

Masayuki Otaki was professor of economics at the University of Tokyo . He completed this book shortly before passing.

Themes: Macroeconomic Theory, Economic Thought, Environmental Economic Theory.

Books: Keynesian Economics and Price Theory : Re-orientation of a Theory of Monetary Economy (2015); The Origin of the Prolonged Stagnation in Contemporary Japanese Economy. Factitious Deflation and the Meltdown of the Japanese Firm as an Entity (2015).

Contents

List of Figures
Acknowledgements
Introduction

Historical Narrative

Chapter 1. A Concise Economic History of Japan: Prosperity and Crisis


Theory

Chapter 2. A Conundrum in Monetary Economics: Does Keynes Abandon the Second Postulate of the Classical School?


Chapter 4. Labor Productivity Stagnation, the Radical Quantitative Easing Monetary Policy, and Disinflation


Chapter 5. An Equilibrium Selection Procedure Based on Ramsey's Probability Theory


Appendixes
Index
About the Author