{"product_id":"9780198233268","title":"Macroeconomics and the Japanese Economy","description":"\u003cp\u003eThis work proposes a new approach to macroeconomics which draws upon the experience of the Japanese economy. The approach is similar to the Old Keynesian view: it rejects the Walrasian approach, and singles out real demand as the fundamental determinant of output in the economy as a whole. However, by maintaining that real demand constraints are important not only in the short-run, but in the long-run as well, it goes beyond what is normally understood as the Keynesian approach. It is also very different from the New Keynesian Economics; in particular, it regards the rigidity of nominal wages\/prices as of secondary importance. The work is extensively illustrated by almost 200 figures and tables of data.\u003cbr\u003e\u003c\/p\u003e","brand":"Oxford University Press, USA","offers":[{"title":"Default Title","offer_id":47026841878768,"sku":"9780198233268","price":214.89,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9780198233268_p0.jpg?v=1763666306","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9780198233268","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}