Contents: Preface -- 1. Introduction and overview / Dongchul Cho, Takatoshi Ito and Andrew Mason -- Part I Aging, industry maturation and Japanization -- 2. Japanization: is it spreading to the rest of the world? / Takatoshi Ito -- 3. GDP growth from the perspective of demographic change: will...

Providing an integrated analysis of the event and its consequences, the chapters in the book consider the causes of the crisis, the response of the US government and International Monetary Fund, adjustments in the Korean monetary and fiscal policies, and the success of financial and corporate...

In the long aftermath of the acute global financial crisis of 2008/09, the need to get economies back on track and to handle high levels of public and private debt has created conflicting objectives. Challenges yet to be mastered are the need to avoid counterproductive measures of adjustment and...

Contents: Foreword / Geoff Harcourt -- Introduction: The role of government / Nikolaos Karagiannis and John E. King -- Part I: Philosophical and theoretical aspects -- 1. Policy and state in complexity economics / Wolfram Elsner -- 2. State and public sector: key economic and...

This book is an up-to-date, authoritative and comprehensive analysis of the key issues and challenges facing regional currency area projects in the context of financial globalization. The authors focus on several central issues that emerged during the experiences of the 1990s and 2000s: exchange...

Nobel Prize winner James Tobin has made outstanding contributions to modern macroeconomics. In this final collection of his work he examines the economic policies of the United States and its relations with other major economies after 1990. In James Tobin's view, the welfare of populations...

There is much confusion in the economics literature on wage determination and the employment-inflation trade-off. Few model builders pay as much careful attention to the definition and meaning of long-run concepts as did Albert Ando. Expanding on years of painstaking work by Ando, the...

Introduction -- 1. The impacts of the 2008 global financial crisis on developing countries: the case of the 15 most affected countries / Hasan Cömert and Esra Nur Uğurlu -- 2. A tale of two worlds? income distribution and the global crisis: observations from the north/south nexus / Serdal...