Money, Capital Formation and Economic Growth

This book proposes new methods of detecting causality among several dynamic variables and of estimating divisions of nominal income changes into changes in output and prices. Amano builds on established traditions of macro-dynamics and the theories of Keynes and Freidman, while providing innovative perspectives and important policy implications.

Autorentext
MASANORI AMANO graduated from the Faculty of Politico-Economics, Waseda University, and the Graduate School of Economics, Hitotsubashi University, both in Japan. He holds doctoral degree in Economics from Hitotsubashi University. His previous publications include papers in Review of Economic Studies, Economica, Journal of the Japanese and International Economies, and Japan and the World Economy. He has published two books in Japanese, on money and macroeconomics, and business cycles in Japan, and an English book on comparative international monetary policy. He has previously taught at the University of Tsukuba and Hitotsubashi University, and currently teaches at the Department of Economics at Chiba University, Japan.

Inhalt
The "Missing Equations" for Postwar USA, UK and Japan Estimating the "Missing Equations" for Developing Countries A Quest for the "Missing Equations" in OECD Countries The NAIRU, Potential Output and the Kalman Filter: A Survey and Estimation The NAIRU, Potential Output and Okun's Law: Postwar USA, UK and Japan Finance and Growth: VARs with Cointegration for the USA, the UK and Japan Financial Structure and Economic Growth: The USA, UK and Japanese Experiences Has Growth Been Led by Investment or Exports? Prewar and Postwar USA, UK and Japan Investment, Exports and Growth: Evidence from Some Developing Countries