Tags » Keynesian
Since the rise of Margret Thatcher in the late 70s/early 80s, UK macroeconomic policy can safely be described as Neoclassical. Following the 2008 Financial Crisis, serious questions were asked about the continuing validity of Neoclassical macroeconomic policy. 282 more words
Japan Sinks Into the Abenomics Abyss (Debt to GDP at 226%, Q2 GDP Likely to Fall 5%, House Prices Continue to Fall)
Japan faces severe economic problems. An aging population, swelling pension liabilities and staggering debt. Japan’s debt as a percentage of GDP stands at 226%!
The problem facing Japan’s Prime Minister Shinzō Abe is that the continued run-up of government debt has done virtually nothing to grow real GDP QoQ. 72 more words