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

In a public lecture at the London School of Economics today, Adam Posen - external member of the Monetary Policy Committee and senior fellow at the Peterson Institute for International Economics - considers the Japanese economic experience of the late 20th century and its relevance for other advanced economies today.
Published on 24 May 2010

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."

PDFPress release

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