Japan's Bubble, Deflation, and Long-Term Stagnation
From kwharrison13.com · Anti-library
Japan's Bubble, Deflation, and Long-Term Stagnation
| Author | Koichi Hamada, Anil K. Kashyap & David E. Weinstein (editors) |
|---|---|
| Published | 2011 |
| Pages | 464 |
| Recommended | Once |
| Buy | Amazon |
| Why it’s on the list | An MIT Press volume of economists’ essays on Japan’s late-1980s asset bubble, the deflation that followed and the two decades of stagnation after that — the technical case file behind every “are we Japan?” argument, from the economists who studied it rather than the analogy-makers who invoke it. |
Where I heard about it
- @tylercosgrove — on his list of 25 books he offered to send to Jared Kushner, October 2025.
About this edition
An edited collection rather than a narrative: chapters take up monetary policy at the zero bound, the banking system’s bad-loan overhang, fiscal response, demographics and corporate governance, and the editors’ framing question is why an economy with competent institutions and enormous savings could not restart growth for twenty years.
Connections
- Bubble — the late-1980s asset bubble and what followed it.
- Zero Interest Rate Policy — Japan is the original case, and several chapters are about policy at the zero bound.
- Debt — the bad-loan overhang and the fiscal response.
- Banking — the banking system’s role in prolonging the stagnation.
- Economic History — the section of the corpus this belongs to.
What links here
Curated by Kyle Harrison. Organized by Claude. Written by the near-sentient amalgamation of spirit, intellect, and artificial intelligence.