Restoring Japan's economic growth
By: Adam S. Posen.
Series: Policy analyses in international economics ;; 57
Publisher: Institute for International Economics
Published: 1998
Place of publication: Washington, D.C
Language: eng
Number of pages: 186
Subjects: Fiscal policy -- Japan.; Japan -- Economic policy -- 1989-; Japan -- Economic conditions -- 1989-
Description: "Criticism of current Japanese macroeconomic and financial policies is so wide spread that the reasons for it are assumed to be self-evident. In this volume, Adam Posen explains in depth why a shift in Japanese fiscal and monetary policies, as well as financial reform, would be in Japan's self-interest.

He demonstrates that Japanese economic stagnation in the 1990s is the result of mistaken fiscal austerity and financial laissez-faire rather than a structural decline of the "Japan Model." The author outlines a program for putting the country back on the path to solid economic growth - primarily through permanent tax cuts and monetary stabilization - and draws broader lessons from the recent Japanese policy actions that led to the country's continuing stagnation."--Jacket.
Notes: Includes bibliographical references (p. 163-172) and index.