日本のマクロ経済政策

内容・進め方・主要文献等

The Japanese economy has experienced several distinct phases of economic development and growth: (1) high economic growth (10%) of 1950s and 1960s; high inflation, 1972-75, in the wake of the first oil crisis of 1971; moderate economic growth, 1975-85; the bubble in the second half of the 1980s; the stagnation (1% growth) and deflation in the 1990s-2006.
In 2008, the Japanese economy seems to have getting out of deflation and stagnation. However, the fiscal debt has become unusually large for advanced countries, and the interest rate has been lower than other countries.
The course will examine fundamental factors and economic policies that explain these phases of economic growth and development. Several experiences are quite unique to Japan, and others have been repeated by other countries.

Prerequisite: Basic or intermediate macro and microeconomics

教材等

Lecture notes will be distributed

成績評価の方法

Final exam and a term paper