Permission of instructor required.
An evaluation of Japan’s protracted economic problems and of their potential implications for other economies, including the United States, Europe, and China. Policy blunders, structural growth impediments, bubbles, the global economic crisis of 2008, and Abenomics; risks of secular stagnation and related dangers to the global economy from protracted post crisis recoveries. Focus on policy remedies to avert similar problems in other countries.
Prerequisite: A basic undergraduate course in macroeconomics.
[Also GLBL 312b, and EAST 454b]