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The Macroeconomy

In: The Japanese Economy

Author

Listed:
  • Victor Argy

    (Macquarie University)

  • Leslie Stein

    (Macquarie University)

Abstract

The evolution of the macroeconomy between 1960 and 1993 can be divided into three phases: the period 1960–70 during which the economy grew at a rate which far exceeded other OECD countries; the period 1970–2, characterized by the Nixon shocks; and the period from 1973 when Japan’s growth rate settled at more modest levels, culminating in the ‘bubble’ and post ‘bubble’ recession. Finally, Japan’s employment and price stability achievements are assessed.

Suggested Citation

  • Victor Argy & Leslie Stein, 1997. "The Macroeconomy," Palgrave Macmillan Books, in: The Japanese Economy, chapter 3, pages 35-56, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-38009-7_3
    DOI: 10.1057/9780230380097_3
    as

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