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The Holy Grail of Macroeconomics PDF
By:Richard C. Koo
Published on 2011-11-21 by John Wiley & Sons

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The revised edition of this highly acclaimed work presents cruciallessons from Japan's recession that could aid the US and othereconomies as they struggle to recover from the current financialcrisis. This book is about Japan's 15-year long recession and how itaffected current theoretical thinking about its causes and cures.It has a detailed explanation on what happened to Japan, but thediscoveries made are so far-reaching that a large portion ofeconomics literature will have to be modified to accommodateanother half to the macroeconomic spectrum of possibilities thatconventional theorists have overlooked. The author developed the idea of yin and yang business cycleswhere the conventional world of profit maximization is the yang andthe world of balance sheet recession, where companies areminimizing debt, is the yin. Once so divided, many varied theoriesdeveloped in macro economics since the 1930s can be nicelycategorized into a single comprehensive theory- The Holy Grailof Macro Economics

This Book was ranked at 10 by Google Books for keyword Macroeconomics.

Book ID of The Holy Grail of Macroeconomics's Books is ui9Bj0u_khUC, Book which was written byRichard C. Koohave ETAG "4dcx+fDPP0c"

Book which was published by John Wiley & Sons since 2011-11-21 have ISBNs, ISBN 13 Code is 9781118179185 and ISBN 10 Code is 1118179188

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Book which have "256 Pages" is Printed at BOOK under CategoryBusiness and Economics

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