The Realities and Relevance of Japan's Great Recession - lecture by Adam Posen

Adam Posen says: "Ultimately, my main analytical point is for people to stop thinking of 'turning Japanese' as a syndrome, some sort of strange condition into which an economy can fall. Instead, we should think of Japan's Great Recession as largely demonstrating the validity of much textbook, even old fashioned Keynesian, macroeconomics - and thus amenable both to comprehension and, within limits, avoidance, or at least amelioration."

Press release