The Fundamentals of the Japanese Economy
Schedule and Readings
Ryoichi Imai
imryoichi@isc.kyushu-u.ac.jp
International Student Center, Kyushu University
2002/10/31
Schedule
10/17: Introduction
10/24: What happened to the Japanese economy until 1973: The Growth Miracle
Ito [1992] Ch. 3
10/31: What happened to the Japanese economy after 1973: The Slowdown and the Bubble economy.
Flath [1999], Ch. 6, pp.129-137, pp.276-279. Articles from the Nikkei Shinbun.
11/07: The Bad Loan Disposal
Articles taken from Nikkei Shinbun
11/14: (Students' presentation) The historical background of the Japanese economy.
Ito [1992], Ch.2 (Markley, Ishida, Matsuda)
11/21: The neoclassical growth theory
Imai (2002), Lecture Notes
11/28: The myth of Asian Miracle and the IT Bubble.
Krugman [1997], Ch.11, Gordon [2000]
"Technology's Wonders: Not So Wonderous" in Krugman [1998],
12/05: (Students' presentation) Characteristics of Japanese Firms.
Imai and Komiya [1994], Ch.1. (Wong, Ma)
12/12: The Foundations of International Macroeconomics
12/19: The Liquidity Trap and Deflation
********************* Winter Break *************************
01/09: The Globalization and the Asia Currency Crisis (NHK TV Program)
01/16: (Students' presentation) The Return of Depression Economics
Krugman [1999], Ch.4, pp. 60-82. (Lee Song Joo, Lee Justin, Kim Ji-Youn)
01/23: (Students' presentation) Why has Japan 'succeeded' ?:
Morishima [1982], Ch.5 (Cho, Irikita)
01/30: Miscellaneous Topics and Students' presentation
Edwin Kovalchuck, His Independent Study Project
02/06: Final Examination
Topics for the Spring Semester
1. The Ever-Appreciating Yen Syndrome
McKinnon and Ohno [1997], Ch.1.
2. Why is the price level so high in Japan ?
Obstfeld and Rogoff [1996], Ch.4, pp. 200-214
Cargill, Hutchison, and Ito [1997], The Political Economy of Japanese Monetary Policy, MIT Press.
Dore, Ronald [2000], Stock Market Capitalism: Welfare Capitalism : Japan and Germany versus the Anglo-Saxons, Oxford University Press
Dornbusch, Rudiger [2000a], Keys to Prosperity, MIT Press.
Dornbusch, Rudiger [2000b], Fewer Monies, Better Monies on his Homepage.
Feldstein, Martin [1997], Japan's Folly Drags Asia Down, Wall Street Journal, November 25, 1997
Flath, David [2000], The Japanese Economy, Oxford University Press.
Gordon, Robert [2000], "Does the 'New Economy' Measure Up to the Great Inventions of the Past ?," Journal of Economic Perspectives, vol. 14 no. 4
Hoshi, Takeo and K. Kashyap [2001], Corporate Financing and Governance in Japan, MIT Press.
Imai, Kenichi, and Ryutaro Komiya [1994], Business Enterprise in Japan, MIT Press.
Imai, Ryoichi [2002], Lecture Notes, to be uploaded on the Homepage
Ito, Takatoshi [1992], The Japanese Economy, MIT Press.
Krugman, Paul [1997], Pop Internationalism. MIT Press.
Krugman, Paul [1998], The Accidental Theorist, Norton.
Krugman, Paul [1999], The Return of Depression Economics, Norton.
McKinnon, Ronald I., and Kenichi Ohno [1997], Dollar and Yen, MIT Press.
Morishima, Michio [1982], Why Has Japan "Succeeded" ?, Oxford University Press.
Morishima, Michio [2000], Japan at a Deadlock, Macmillan.
Porter, Michael E. and Hirotaka Takeuchi [1999], "Fixing What Really Ails Japan," Foreign Affairs, May/June 1999.
Roubini, Nouriel [2002], Global Macroeconomic and Financial Policy Site