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By:Richard Werner
Published on 2005-06-11 by Palgrave Macmillan

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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 the process, a contribution is made towards a better understanding of the many |puzzles| or |anomalies| of the Japanese economy of the past decades. However, the new approach is applicable far beyond Japan.

This Book was ranked at 41 by Google Books for keyword Macroeconomics.

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Book which was published by Palgrave Macmillan since 2005-06-11 have ISBNs, ISBN 13 Code is 9781403920744 and ISBN 10 Code is 1403920745

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