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Dollar and Yen: Resolving Economic Conflict between the United States and Japan Book

Dollar and Yen: Resolving Economic Conflict between the United States and Japan
Dollar and Yen: Resolving Economic Conflict between the United States and Japan, From the mid-1950s to the early 1990s, Japan grew faster than any other major industrial economy, displacing the United States in dominance of worldwide manufacturing markets. In the 1970s and 1980s, many books appeared linking the apparent decline of the, Dollar and Yen: Resolving Economic Conflict between the United States and Japan has a rating of 3 stars
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Dollar and Yen: Resolving Economic Conflict between the United States and Japan, From the mid-1950s to the early 1990s, Japan grew faster than any other major industrial economy, displacing the United States in dominance of worldwide manufacturing markets. In the 1970s and 1980s, many books appeared linking the apparent decline of the, Dollar and Yen: Resolving Economic Conflict between the United States and Japan
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  • Dollar and Yen: Resolving Economic Conflict between the United States and Japan
  • Written by author Ronald I. McKinnon
  • Published by MIT Press, June 1997
  • From the mid-1950s to the early 1990s, Japan grew faster than any other major industrial economy, displacing the United States in dominance of worldwide manufacturing markets. In the 1970s and 1980s, many books appeared linking the apparent decline of the
  • Dollar and Yen analyzes the friction between the UnitedStates and Japan from the viewpoint of exchange rateeconomics.
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Preface
1Introduction: The Syndrome of the Ever-Higher Yen1
2Policy Causes and Postwar Origins of Japan-U.S. Economic Conflict: Differential Productivity Growth and the Saving Shortage in the United States21
3Exchange-Rate Fluctuations and Their Consequences: Price Diffusion and Endaka Fukyo51
4Balancing International Competitiveness in the Longer Run: Wage Adjustment versus Yen Appreciation73
5The Transfer Problem and Macroeconomic Fluctuations: Endaka Fukyo, Bubbles, and Credit Crunches93
6The Exchange Rate and the Trade Balance in Theory: Insular versus Open Economies125
7The Exchange Rate and the Japan-U.S. Trade Balance in Practice: A Critique of the Modern Elasticities Approach143
8Monetary and Exchange-Rate Regimes, Inflation Persistence, and the Volatility of Long-term Interest Rates163
9Price Deflation and Purchasing Power Parity: A Causality Analysis of Yen Appreciation and Japanese Monetary Policy177
10Overcoming the Syndrome: Toward a U.S.-Japan Commercial Compact and Monetary Accord205
11Is the Syndrome Over? The Fall of the Yen, 1995-96, and Its Implications for the Transition223
Notes237
References247
Index257


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Dollar and Yen: Resolving Economic Conflict between the United States and Japan, From the mid-1950s to the early 1990s, Japan grew faster than any other major industrial economy, displacing the United States in dominance of worldwide manufacturing markets. In the 1970s and 1980s, many books appeared linking the apparent decline of the, Dollar and Yen: Resolving Economic Conflict between the United States and Japan

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Dollar and Yen: Resolving Economic Conflict between the United States and Japan, From the mid-1950s to the early 1990s, Japan grew faster than any other major industrial economy, displacing the United States in dominance of worldwide manufacturing markets. In the 1970s and 1980s, many books appeared linking the apparent decline of the, Dollar and Yen: Resolving Economic Conflict between the United States and Japan

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