Introduction: Economic Crisis and Keynesian Perspective Ryuzo Kuroki PART ONE: Historical Background and Economic Thought of John Maynard Keynes 1. On the Changing Role of Prices in Transformational Growth: Rethinking Solow and Kaldor Edward Nell 2. On the Dismal State of a Dismal What ? Heinz Kurz 3. Alfred Marshall as a Father of Modern Economics Nobuhiro Ito PART TWO: Economic Theories 4. Keynes and Modernmacroeconomics Willi Semmler and Gang Gong 5. Stagnation Dynamics and Keynes’s General Theory Yoshiyasu Ono 6. Monetary Stabilization Policy by Means of Taylor Rule in a Dynamic Keynesian Model with Capital Accumulation Toichiro Asada 7. Balance Sheet Business Cycles Ryuzo Kuroki PART THREE: Empirical Studies 8. The Profit Squeeze in Japan during the 1990s Takeshi Ikeda 9. Household Asset Accumulation and Capital Gain in the U.S. Toru Kitahara 10. The Long-run and the Short-run Effects of Fiscal Policy: Simulation Analysis with Forward-looking Macro-econometric Model Ryokichi Chida 11. What Does the Long- Term Rate Depend on?: Fisher Effect vs. Liquidity Premium Toru Nagahara 12. The Politics of Fixing Financial Crises:
Liquidity versus Solvency Andrew Dewit, Masaru Kaneko, and Yukiko Yamazaki
Biography
Ryuzo Kuroki is Professor of Economics at Rykkyo University, Japan.
