This book provides a systematic explanation of a remarkable policy innovation in an emerging economy in the modern … world. In doing so, it highlights the nature of the Japanese economy during the interwar period. It offers a canonical case … study for an international macroeconomic policy of a small and open economy. Readers can draw lessons from the Japanese …

, people in the prosperous decade preceding the crash believed they were living in a post-volatility economy, one that had …, people in the prosperous decade preceding the crash believed they were living in a post-volatility economy, one that had …

10: Japan Stagnates -- Chapter 11: The Rest Cannot Escape -- Chapter 12: Cycles within Cycles -- Chapter 13: Past Its Use …